£517,217
This estimated value is based upon the latest sale price for the house of £390,000 on 11 Jul 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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424 Downham Way, Bromley, BR1 5HR
Phone: 02036418583
| Price Paid | Date |
|---|---|
| £390,000 | 11 Jul 2016 |
| £175,000 | 4 Dec 2009 |
| Terraced |
| Freehold |
| Floor Area: 141 sq meters or 1,523 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 July 2016 the House Price Index for GREATER LONDON was 111.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 32.620%.Applying this 32.620% change to the original purchase price of £390,000 results in an estimated price of approximately £517,217.
| 11 Jul 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.0 | 32.620 % | £390,000 | £127,217 | £517,217 |
The Postcode Pricing Model uses changes in average sales price within the BR1 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 | -8.577 % | £-33,450 | £356,549 |
| 3 Month Average | 14.506 % | £56,573 | £446,573 |
| 6 Month Average | 11.574 % | £45,140 | £435,140 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jul 2023 | £353,342 | £350,000 | 204 SHROFFOLD ROAD |
| 27 Jun 2023 | £403,270 | £400,000 | 58 NORTHOVER |
| 18 Aug 2022 | £538,859 | £542,500 | 81 DURHAM HILL |
| 24 Jun 2022 | £382,375 | £378,500 | 116 DURHAM HILL |
| 8 Jun 2022 | £353,584 | £350,000 | 37 DURHAM HILL |
This house has a floor area of 141 sq meters or 1,523 sq feet when measured on 11 Sep 2009. Using an estimated price of £517,218 means this house is valued at £3,655 per sq meter (£339 per sq foot).
The average size of a house on NORTHOVER is 78 sq meters (847 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Northover |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Northover |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Northover |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Northover |
| Apr 2024 | Other theft | Under investigation | On or near Northover |