£568,355
This estimated value is based upon the latest sale price for the house of £365,000 on 7 Apr 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Crescent Arcade, 279 Creek Road, London, SE10 9EJ
Phone: 02080224650
| Price Paid | Date |
|---|---|
| £365,000 | 7 Apr 2014 |
| £270,000 | 26 Jun 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 April 2014 the House Price Index for GREATER LONDON was 95.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.714%.Applying this 55.714% change to the original purchase price of £365,000 results in an estimated price of approximately £568,355.
| 7 Apr 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 148.6 | 55.714 % | £365,000 | £203,355 | £568,355 |
The Postcode Pricing Model uses changes in average sales price within the SE10 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 | -10.135 % | £-36,994 | £328,005 |
| 3 Month Average | 27.363 % | £99,875 | £464,875 |
| 6 Month Average | 21.554 % | £78,670 | £443,670 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £475,316 | £467,000 | FLAT 37 COLTMAN HOUSE WELLAND STREET |
| 8 Dec 2023 | £468,192 | £460,000 | FLAT 46 ROCKFIELD HOUSE WELLAND STREET |
| 31 Jul 2023 | £902,142 | £890,000 | FLAT 204 SHAMROCK HOUSE, 23 BARDSLEY LANE |
| 21 Jul 2023 | £425,730 | £420,000 | FLAT 1 COLTMAN HOUSE WELLAND STREET |
| 11 Apr 2023 | £483,530 | £478,324 | FLAT 25 ROCKFIELD HOUSE WELLAND STREET |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 3 Jul 2020. Using an estimated price of £568,356 means this house is valued at £9,472 per sq meter (£880 per sq foot).
The average size of a house on WELLAND STREET is 66 sq meters (713 sq feet).