£806,930
This estimated value is based upon the latest sale price for the house of £650,000 on 31 Oct 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £650,000 | 31 Oct 2018 |
| £480,000 | 13 Jun 2014 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 October 2018 the House Price Index for GREATER LONDON was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £650,000 results in an estimated price of approximately £806,930.
| 31 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £650,000 | £156,930 | £806,930 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | 29.172 % | £189,617 | £839,617 |
| 3 Month Average | 27.810 % | £180,767 | £830,767 |
| 6 Month Average | 18.090 % | £117,586 | £767,586 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £660,289 | £640,000 | 32 BRIGHTSIDE ROAD |
| 16 Jun 2023 | £331,646 | £325,000 | 7A MALLET ROAD |
| 9 Mar 2023 | £521,713 | £513,000 | 85 BRIGHTSIDE ROAD |
| 3 Mar 2023 | £349,334 | £343,500 | 22 MALLET ROAD |
| 14 Feb 2023 | £362,924 | £360,500 | 63 NIGHTINGALE GROVE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 27 Jun 2018. Using an estimated price of £806,930 means this house is valued at £7,911 per sq meter (£734 per sq foot).
The average size of a house on BRIGHTSIDE ROAD is 96 sq meters (1,040 sq feet).