£656,121
This estimated value is based upon the latest sale price for the house of £435,000 on 7 Nov 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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14 Major Draper Street, Royal Arsenal, London, SE18 6GD
Phone: 02036414934
| Price Paid | Date |
|---|---|
| £435,000 | 7 Nov 2014 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 706 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 2014 the House Price Index for GREATER LONDON was 99.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.833%.Applying this 50.833% change to the original purchase price of £435,000 results in an estimated price of approximately £656,121.
| 7 Nov 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.2 | 149.7 | 50.833 % | £435,000 | £221,121 | £656,121 |
The Postcode Pricing Model uses changes in average sales price within the SE18 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 | 38.740 % | £168,518 | £603,518 |
| 3 Month Average | 52.422 % | £228,037 | £663,037 |
| 6 Month Average | 54.699 % | £237,940 | £672,940 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Oct 2023 | £496,271 | £485,000 | FLAT 222 WAREHOUSE COURT MAJOR DRAPER STREET |
| 6 Oct 2023 | £342,785 | £335,000 | FLAT 216 WAREHOUSE COURT MAJOR DRAPER STREET |
| 17 Feb 2023 | £344,300 | £342,000 | FLAT 290 WAREHOUSE COURT MAJOR DRAPER STREET |
| 5 Nov 2021 | £533,865 | £490,000 | FLAT 4 WAREHOUSE COURT NO 1 STREET |
| 4 Dec 2020 | £385,018 | £333,000 | FLAT 112 WAREHOUSE COURT NO 1 STREET |
This house has a floor area of 65 sq meters or 706 sq feet when measured on 18 Oct 2011. Using an estimated price of £656,122 means this house is valued at £9,998 per sq meter (£928 per sq foot).
The average size of a house on MAJOR DRAPER STREET is 62 sq meters (667 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Major Draper Street |
| Oct 2024 | Theft from the person | Under investigation | On or near Major Draper Street |
| Oct 2024 | Public order | Under investigation | On or near Major Draper Street |
| Oct 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Major Draper Street |
| Oct 2024 | Theft from the person | Under investigation | On or near Major Draper Street |