£418,106
This estimated value is based upon the latest sale price for the house of £242,500 on 1 Dec 2010. 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 |
|---|---|
| £242,500 | 1 Dec 2010 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 45 sq meters or 490 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 December 2010 the House Price Index for GREATER LONDON was 86.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.415%.Applying this 72.415% change to the original purchase price of £242,500 results in an estimated price of approximately £418,106.
| 1 Dec 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.8 | 149.7 | 72.415 % | £242,500 | £175,606 | £418,106 |
The Postcode Pricing Model uses changes in average sales price within the SE16 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 | 73.503 % | £178,245 | £420,745 |
| 3 Month Average | 72.688 % | £176,268 | £418,768 |
| 6 Month Average | 66.454 % | £161,151 | £403,651 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Nov 2023 | £336,543 | £328,000 | 43 GOODWIN CLOSE |
| 6 Nov 2023 | £579,716 | £565,000 | 22 WEIGHTMAN HOUSE, 124A SPA ROAD |
| 3 Nov 2023 | £567,506 | £553,100 | 28 WEIGHTMAN HOUSE, 124A SPA ROAD |
| 1 Sep 2023 | £599,209 | £586,000 | 24 SANDOVER HOUSE, 124 SPA ROAD |
| 7 Jun 2023 | £153,067 | £150,000 | 86 GOODWIN CLOSE |
This house has a floor area of 45 sq meters or 490 sq feet when measured on 21 Oct 2010. Using an estimated price of £418,106 means this house is valued at £9,179 per sq meter (£852 per sq foot).
The average size of a house on SPA ROAD is 68 sq meters (736 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Dunlop Place |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Dunlop Place |
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Goodwin Close |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Goodwin Close |