£1,056,754
This estimated value is based upon the latest sale price for the house of £330,000 on 14 Nov 2001. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Long Lane, London, SE1 4PG
Phone: 02081159841
| Price Paid | Date |
|---|---|
| £330,000 | 14 Nov 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 81 sq meters or 871 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 2001 the House Price Index for GREATER LONDON was 46.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 220.228%.Applying this 220.228% change to the original purchase price of £330,000 results in an estimated price of approximately £1,056,754.
| 14 Nov 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.4 | 148.6 | 220.228 % | £330,000 | £726,754 | £1,056,754 |
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 | 59.608 % | £196,707 | £526,707 |
| 3 Month Average | 125.447 % | £413,974 | £743,974 |
| 6 Month Average | 137.223 % | £452,835 | £782,835 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £477,063 | £470,000 | FLAT 10 QUASTEL HOUSE, 32 LONG LANE |
| 30 Aug 2023 | £191,677 | £190,000 | FLAT 18 34 LONG LANE |
| 7 Apr 2020 | £1,319,647 | £1,075,000 | 603 MADISON APARTMENTS, 5 - 27 LONG LANE |
| 18 Oct 2019 | £156,663 | £127,750 | FLAT 2 34 LONG LANE |
| 30 Apr 2019 | £231,877 | £187,500 | FLAT 19 34 LONG LANE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 30 Aug 2019. Using an estimated price of £1,056,754 means this house is valued at £13,046 per sq meter (£1,212 per sq foot).
The average size of a house on LONG LANE is 69 sq meters (752 sq feet).