£223,121
This estimated value is based upon the latest sale price for the house of £145,000 on 10 Jan 2008. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Unit D229 Parkhall Business Centre 40 Martell Road, London, SE21 8EN
Phone: 02036416610
Price Paid | Date |
---|---|
£145,000 | 10 Jan 2008 |
£23,000 | 8 May 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 65 sq meters or 699 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 January 2008 the House Price Index for GREATER LONDON was 95.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 53.877%.Applying this 53.877% change to the original purchase price of £145,000 results in an estimated price of approximately £223,121.
10 Jan 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.3 | 146.7 | 53.877 % | £145,000 | £78,121 | £223,121 |
The Postcode Pricing Model uses changes in average sales price within the SE27 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 | 112.618 % | £163,295 | £308,295 |
3 Month Average | 96.135 % | £139,395 | £284,395 |
6 Month Average | 94.115 % | £136,467 | £281,467 |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 5 Aug 2018.
The average size of a house on HAMILTON ROAD is 91 sq meters (980 sq feet).