£237,079
This estimated value is based upon the latest sale price for the house of £45,000 on 20 Jan 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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3a Victoria House South Lambeth Road, Nine Elms, London, SW8 1QT
Phone: 02034637504
| Price Paid | Date |
|---|---|
| £45,000 | 20 Jan 1997 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 sq feet |
This model uses changes in the Official Land Registry House Price Index for GREATER LONDON to estimate the market value.
When this house was purchased in January 1997 the House Price Index for GREATER LONDON was 27.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 426.844%.Applying this 426.844% change to the original purchase price of £45,000 results in an estimated price of approximately £237,079.
| 20 Jan 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.8 | 146.7 | 426.844 % | £45,000 | £192,079 | £237,079 |
The Postcode Pricing Model uses changes in average sales price within the SW8 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
| Change % | Change £ | Estimated Price | |
| 1 Month Average | 589.824 % | £265,420 | £310,420 |
| 3 Month Average | 487.619 % | £219,428 | £264,428 |
| 6 Month Average | 558.376 % | £251,268 | £296,268 |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 17 Dec 2015.
The average size of a house on PORTLAND GROVE is 59 sq meters (644 sq feet).
This house is the largest in the street with a floor area of 87 sq meters (936 sq feet).