£603,934
This estimated value is based upon the latest sale price for the house of £455,000 on 28 Nov 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Sherman Road, Bromley, BR1 3JH
Phone: 02036417285
| Price Paid | Date |
|---|---|
| £455,000 | 28 Nov 2016 |
| £319,000 | 29 Jun 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 102 sq meters or 1,097 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 November 2016 the House Price Index for GREATER LONDON was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £455,000 results in an estimated price of approximately £603,934.
| 28 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 149.7 | 32.733 % | £455,000 | £148,934 | £603,934 |
The Postcode Pricing Model uses changes in average sales price within the BR1 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 | 32.809 % | £149,280 | £604,280 |
| 3 Month Average | 25.344 % | £115,314 | £570,314 |
| 6 Month Average | 16.896 % | £76,875 | £531,875 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Nov 2023 | £117,995 | £115,000 | FLAT 9 WOODVALE COURT WIDMORE ROAD |
| 21 Apr 2023 | £229,289 | £225,000 | FLAT 3 WOODVALE COURT WIDMORE ROAD |
| 30 May 2022 | £318,292 | £310,000 | FLAT 16 THE OLD COURTYARD, 36 PARK ROAD |
| 17 May 2022 | £1,314,239 | £1,280,000 | 70 WIDMORE ROAD |
| 22 Apr 2022 | £951,316 | £917,000 | 35 HARWOOD AVENUE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 22 Apr 2011. Using an estimated price of £603,935 means this house is valued at £5,920 per sq meter (£550 per sq foot).
The average size of a house on WIDMORE ROAD is 70 sq meters (762 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Park Road |