£232,420
This estimated value is based upon the latest sale price for the house of £220,000 on 3 Feb 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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56 Portland Road, London, SE25 4PQ
Phone: 02077680594
| Price Paid | Date |
|---|---|
| £220,000 | 3 Feb 2022 |
| £80,000 | 27 Aug 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 49 sq meters or 527 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 February 2022 the House Price Index for GREATER LONDON was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £220,000 results in an estimated price of approximately £232,420.
| 3 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £220,000 | £12,420 | £232,420 |
The Postcode Pricing Model uses changes in average sales price within the SE25 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 | 1.739 % | £3,825 | £223,825 |
| 3 Month Average | 14.014 % | £30,829 | £250,829 |
| 6 Month Average | 4.427 % | £9,738 | £229,738 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Oct 2023 | £317,204 | £310,000 | 16 BALFOUR ROAD |
| 8 Sep 2023 | £516,383 | £505,000 | TOP FLOOR 5 BALFOUR ROAD |
| 20 Jun 2023 | £285,726 | £280,000 | 11A CROWTHER ROAD |
| 13 Jun 2023 | £392,873 | £385,000 | 20 BALFOUR ROAD |
| 17 Mar 2023 | £198,312 | £195,000 | TOP FLOOR FLAT, 71 PORTLAND ROAD |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 8 Sep 2016. Using an estimated price of £232,421 means this house is valued at £4,743 per sq meter (£440 per sq foot).
The average size of a house on PORTLAND ROAD is 71 sq meters (766 sq feet).