£316,519
This estimated value is based upon the latest sale price for the house of £180,000 on 4 May 2006. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £180,000 | 4 May 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 62 sq meters or 667 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 May 2006 the House Price Index for GREATER LONDON was 85.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 75.844%.Applying this 75.844% change to the original purchase price of £180,000 results in an estimated price of approximately £316,519.
| 4 May 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.1 | 149.7 | 75.844 % | £180,000 | £136,519 | £316,519 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | 118.639 % | £213,550 | £393,550 |
| 3 Month Average | 97.653 % | £175,774 | £355,774 |
| 6 Month Average | 105.773 % | £190,392 | £370,392 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 May 2024 | £340,000 | £340,000 | FLAT 50 ROSSE GARDENS DESVIGNES DRIVE |
| 11 Aug 2023 | £344,208 | £338,000 | FLAT 28 ROSSE GARDENS DESVIGNES DRIVE |
| 30 Mar 2023 | £366,114 | £360,000 | FLAT 59 ROSSE GARDENS DESVIGNES DRIVE |
| 12 Aug 2022 | £401,929 | £400,050 | FLAT 43 ROSSE GARDENS DESVIGNES DRIVE |
| 18 Jul 2022 | £328,289 | £325,000 | FLAT 22 ROSSE GARDENS DESVIGNES DRIVE |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 22 Mar 2014. Using an estimated price of £316,519 means this house is valued at £5,105 per sq meter (£474 per sq foot).
The average size of a house on OAKWOOD CLOSE is 69 sq meters (743 sq feet).