£421,552
This estimated value is based upon the latest sale price for the house of £350,000 on 16 Mar 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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189 Southwark Park Road, SE16 3TX
Phone: 02036411684
| Price Paid | Date |
|---|---|
| £350,000 | 16 Mar 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 March 2020 the House Price Index for GREATER LONDON was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £350,000 results in an estimated price of approximately £421,552.
| 16 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £350,000 | £71,552 | £421,552 |
The Postcode Pricing Model uses changes in average sales price within the SE1 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 | -15.607 % | £-54,626 | £295,373 |
| 3 Month Average | -29.227 % | £-102,295 | £247,704 |
| 6 Month Average | -26.216 % | £-91,755 | £258,244 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Aug 2023 | £176,544 | £175,000 | FLAT 25 WEST POINT AVONDALE SQUARE |
| 29 Mar 2023 | £341,215 | £338,000 | FLAT 21 MAWBEY HOUSE OLD KENT ROAD |
| 1 Sep 2022 | £307,517 | £310,000 | FLAT 17 MAWBEY HOUSE OLD KENT ROAD |
| 2 Aug 2022 | £383,966 | £385,000 | 35 MONMOUTH COURT COOPERS ROAD |
| 28 Jan 2022 | £255,209 | £242,500 | FLAT 9 PEACE COURT HARMONY PLACE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 23 Mar 2016. Using an estimated price of £421,553 means this house is valued at £6,291 per sq meter (£584 per sq foot).
The average size of a house on OLD KENT ROAD is 61 sq meters (657 sq feet).