£296,944
This estimated value is based upon the latest sale price for the house of £190,000 on 22 Nov 2007. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Sherman Road, Bromley, BR1 3JH
Phone: 02036417285
Price Paid | Date |
---|---|
£190,000 | 22 Nov 2007 |
£152,000 | 1 Jul 2005 |
£76,000 | 20 Jan 1998 |
Flats/Maisonettes |
Leasehold |
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 November 2007 the House Price Index for GREATER LONDON was 95.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.287%.Applying this 56.287% change to the original purchase price of £190,000 results in an estimated price of approximately £296,944.
22 Nov 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.8 | 149.7 | 56.287 % | £190,000 | £106,944 | £296,944 |
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 | 60.797 % | £115,514 | £305,514 |
3 Month Average | 92.484 % | £175,719 | £365,719 |
6 Month Average | 79.740 % | £151,505 | £341,505 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Mar 2024 | £96,482 | £95,000 | FLAT 23 ANDRINGHAM LODGE, 51 PALACE GROVE |
13 Nov 2023 | £117,995 | £115,000 | FLAT 9 WOODVALE COURT WIDMORE ROAD |
2 Oct 2023 | £537,201 | £525,000 | 4 PARK PLACE |
18 Sep 2023 | £97,141 | £95,000 | FLAT 18 ANDRINGHAM LODGE, 51 PALACE GROVE |
21 Apr 2023 | £229,289 | £225,000 | FLAT 3 WOODVALE COURT WIDMORE ROAD |
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Other theft | Under investigation | On or near Park Road |