£297,235
This estimated value is based upon the latest sale price for the house of £175,000 on 15 May 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 London Road, Forest Hill, London, SE23 3PH
Phone: 02034783484
| Price Paid | Date |
|---|---|
| £175,000 | 15 May 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 2012 the House Price Index for GREATER LONDON was 87.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 69.849%.Applying this 69.849% change to the original purchase price of £175,000 results in an estimated price of approximately £297,235.
| 15 May 2012 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 148.0 | 69.849 % | £175,000 | £122,235 | £297,235 |
The Postcode Pricing Model uses changes in average sales price within the SE22 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 | 118.830 % | £207,953 | £382,953 |
| 3 Month Average | 99.133 % | £173,482 | £348,482 |
| 6 Month Average | 91.826 % | £160,695 | £335,695 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Apr 2023 | £272,022 | £270,000 | FLAT 6 LEVANDE, 479 LORDSHIP LANE |
| 17 Mar 2023 | £894,837 | £890,000 | 41 BELVOIR ROAD |
| 24 Feb 2023 | £261,264 | £262,500 | FLAT 7 LEVANDE, 479 LORDSHIP LANE |
| 8 Feb 2023 | £260,169 | £261,400 | FLAT C 501 LORDSHIP LANE |
| 12 Jan 2023 | £446,082 | £450,000 | 47B BELVOIR ROAD |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 21 Dec 2018. Using an estimated price of £297,236 means this house is valued at £5,608 per sq meter (£521 per sq foot).
The average size of a house on MELFORD ROAD is 88 sq meters (951 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Belvoir Road | |
| Apr 2024 | Vehicle crime | Under investigation | On or near Belvoir Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Belvoir Road |
| Feb 2024 | Anti-social behaviour | On or near Belvoir Road | |
| Feb 2024 | Vehicle crime | Under investigation | On or near Belvoir Road |