£1,184,797
This estimated value is based upon the latest sale price for the house of £915,000 on 3 Feb 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Lancaster Gardens
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187c Southborough Lane, Bromley, BR2 8AR
Phone: 02030074690
| Price Paid | Date |
|---|---|
| £915,000 | 3 Feb 2017 |
| Detached |
| Freehold |
| Floor Area: 137 sq meters or 1,474 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 2017 the House Price Index for GREATER LONDON was 114.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 29.486%.Applying this 29.486% change to the original purchase price of £915,000 results in an estimated price of approximately £1,184,797.
| 3 Feb 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.0 | 29.486 % | £915,000 | £269,797 | £1,184,797 |
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 | 12.073 % | £110,465 | £1,025,465 |
| 3 Month Average | 6.300 % | £57,647 | £972,647 |
| 6 Month Average | -2.984 % | £-27,304 | £887,695 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Apr 2022 | £702,564 | £685,000 | 8 LANCASTER GARDENS |
| 31 Mar 2022 | £1,102,259 | £1,068,000 | 94 SOUTHBOROUGH ROAD |
| 10 Mar 2022 | £732,775 | £710,000 | 23 BIRDHAM CLOSE |
| 25 Feb 2022 | £840,790 | £805,000 | 15 BIRDHAM CLOSE |
| 15 Nov 2021 | £662,445 | £615,000 | 6 BIRDHAM CLOSE |
This house has a floor area of 137 sq meters or 1,474 sq feet when measured on 17 Aug 2016. Using an estimated price of £1,184,797 means this house is valued at £8,648 per sq meter (£803 per sq foot).
The average size of a house on SOUTHBOROUGH ROAD is 165 sq meters (1,784 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Robbery | Under investigation | On or near Lancaster Gardens |
| Feb 2024 | Burglary | Under investigation | On or near Lancaster Gardens |
| Feb 2024 | Vehicle crime | Under investigation | On or near Lancaster Gardens |
| Mar 2024 | Anti-social behaviour | On or near Cranford Mews | |
| Jan 2024 | Other theft | Under investigation | On or near Birdham Close |