£359,203
This estimated value is based upon the latest sale price for the house of £130,000 on 22 Aug 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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160 Jamaica Road, Bermondsey, SE16 4RT
Phone: 02081282432
| Price Paid | Date |
|---|---|
| £130,000 | 22 Aug 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 37 sq meters or 398 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 August 2002 the House Price Index for GREATER LONDON was 54.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 176.311%.Applying this 176.311% change to the original purchase price of £130,000 results in an estimated price of approximately £359,203.
| 22 Aug 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 54.2 | 149.7 | 176.311 % | £130,000 | £229,203 | £359,203 |
The Postcode Pricing Model uses changes in average sales price within the SE16 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 | 164.127 % | £213,364 | £343,364 |
| 3 Month Average | 149.972 % | £194,963 | £324,963 |
| 6 Month Average | 156.052 % | £202,867 | £332,867 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £304,352 | £295,000 | FLAT 6 BURTON HOUSE CHERRY GARDEN STREET |
| 14 Sep 2023 | £347,664 | £340,000 | FLAT 11 CRANBOURN HOUSE MARIGOLD STREET |
| 5 Aug 2022 | £1,306,107 | £1,300,000 | 152 BERMONDSEY WALL EAST |
| 28 Jul 2022 | £1,111,134 | £1,100,000 | 87 WEST LANE |
| 14 Jul 2022 | £321,219 | £318,000 | FLAT 8 CHERRY GARDEN HOUSE CHERRY GARDEN STREET |
This house has a floor area of 37 sq meters or 398 sq feet when measured on 26 Mar 2015. Using an estimated price of £359,204 means this house is valued at £9,708 per sq meter (£901 per sq foot).
The average size of a house on CHERRY GARDEN STREET is 61 sq meters (662 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Bermondsey Wall East |
| Jul 2024 | Drugs | Local resolution | On or near Bermondsey Wall East |
| Jul 2024 | Drugs | Offender given penalty notice | On or near Bermondsey Wall East |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Bermondsey Wall East |
| Aug 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bermondsey Wall East |