£715,060
This estimated value is based upon the latest sale price for the house of £550,000 on 28 Feb 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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4 Russell Parade, Russell Hill Road, Purley, CR8 2LE
Phone: 02080330761
| Price Paid | Date |
|---|---|
| £550,000 | 28 Feb 2017 |
| £389,500 | 20 Dec 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 122 sq meters or 1,313 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 Mar 2024 is 148.6 which is a change of 30.011%.Applying this 30.011% change to the original purchase price of £550,000 results in an estimated price of approximately £715,060.
| 28 Feb 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.3 | 148.6 | 30.011 % | £550,000 | £165,060 | £715,060 |
The Postcode Pricing Model uses changes in average sales price within the CR8 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 | -39.153 % | £-215,339 | £334,660 |
| 3 Month Average | 13.323 % | £73,278 | £623,278 |
| 6 Month Average | 20.794 % | £114,368 | £664,368 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £1,340,000 | £1,340,000 | 33B FOXLEY LANE |
| 8 Nov 2023 | £1,065,779 | £1,050,000 | 3 HILLTHORPE CLOSE |
| 7 Aug 2023 | £332,912 | £330,000 | FLAT 6 10 PLOUGH LANE |
| 21 Apr 2023 | £348,755 | £345,000 | FLAT B 41 FOXLEY LANE |
| 20 Jan 2023 | £447,890 | £450,000 | FLAT 4 40 FOXLEY LANE |
This house has a floor area of 122 sq meters or 1,313 sq feet when measured on 13 Oct 2016. Using an estimated price of £715,060 means this house is valued at £5,861 per sq meter (£544 per sq foot).
The average size of a house on PLOUGH LANE is 144 sq meters (1,550 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Robbery | Under investigation | On or near Russell Hill |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near High Tree Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Highbarrow Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Pringle Gardens |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Furze Lane |