£496,944
This estimated value is based upon the latest sale price for the house of £287,500 on 26 Aug 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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229 Gipsy Road, London, SE27 9QY
Phone: 02036413997
| Price Paid | Date |
|---|---|
| £287,500 | 26 Aug 2011 |
| £235,000 | 27 Jun 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 78 sq meters or 839 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 August 2011 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.850%.Applying this 72.850% change to the original purchase price of £287,500 results in an estimated price of approximately £496,944.
| 26 Aug 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.850 % | £287,500 | £209,444 | £496,944 |
The Postcode Pricing Model uses changes in average sales price within the SE19 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 | 68.541 % | £197,055 | £484,555 |
| 3 Month Average | 109.575 % | £315,028 | £602,528 |
| 6 Month Average | 78.681 % | £226,207 | £513,707 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £651,397 | £640,000 | 13 GIBBS CLOSE |
| 21 Nov 2023 | £588,716 | £580,000 | 49 BLOOMHALL ROAD |
| 20 Jul 2023 | £524,560 | £517,500 | 77 DURNING ROAD |
| 7 Jun 2023 | £597,234 | £590,000 | 67 DURNING ROAD |
| 2 Jun 2023 | £622,541 | £615,000 | 26 DURNING ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 9 Apr 2014. Using an estimated price of £496,945 means this house is valued at £6,371 per sq meter (£591 per sq foot).
The average size of a house on ROMAN RISE is 91 sq meters (985 sq feet).