£540,357
This estimated value is based upon the latest sale price for the house of £309,500 on 1 Jun 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Unit 1 Toronto House, Surrey Quays Road, London, SE16 7AJ
Phone: 02034630622
| Price Paid | Date |
|---|---|
| £309,500 | 1 Jun 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 505 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 June 2011 the House Price Index for GREATER LONDON was 85.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.591%.Applying this 74.591% change to the original purchase price of £309,500 results in an estimated price of approximately £540,357.
| 1 Jun 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.7 | 149.7 | 74.591 % | £309,500 | £230,857 | £540,357 |
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 | 58.523 % | £181,128 | £490,628 |
| 3 Month Average | 62.205 % | £192,524 | £502,024 |
| 6 Month Average | 64.069 % | £198,292 | £507,792 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Sep 2023 | £434,580 | £425,000 | FLAT 58 FAIRMONT HOUSE NEEDLEMAN STREET |
| 24 Aug 2023 | £687,398 | £675,000 | FLAT 28 FAIRMONT HOUSE NEEDLEMAN STREET |
| 23 Aug 2023 | £322,822 | £317,000 | FLAT 121 FAIRMONT HOUSE ALBATROSS WAY |
| 10 Aug 2023 | £661,939 | £650,000 | FLAT 90 FAIRMONT HOUSE ALBATROSS WAY |
| 29 Jun 2023 | £438,793 | £430,000 | FLAT 72 FAIRMONT HOUSE NEEDLEMAN STREET |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 22 Sep 2021. Using an estimated price of £540,358 means this house is valued at £11,496 per sq meter (£1,068 per sq foot).
The average size of a house on NEEDLEMAN STREET is 60 sq meters (645 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Drugs | Unable to prosecute suspect | On or near Woodland Crescent |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Woodland Crescent |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Woodland Crescent |
| Oct 2024 | Theft from the person | Under investigation | On or near Dominion Drive |