£619,000
This estimated value is based upon the latest sale price for the house of £493,000 on 3 Nov 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2 Montpelier Vale, SE3 0TA
Phone: 02036415310
| Price Paid | Date |
|---|---|
| £493,000 | 3 Nov 2017 |
| £230,000 | 10 Jun 2009 |
| £70,000 | 6 Mar 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 73 sq meters or 785 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 2017 the House Price Index for GREATER LONDON was 117.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 25.558%.Applying this 25.558% change to the original purchase price of £493,000 results in an estimated price of approximately £619,000.
| 3 Nov 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.9 | 148.0 | 25.558 % | £493,000 | £126,000 | £619,000 |
The Postcode Pricing Model uses changes in average sales price within the SE3 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 | -4.081 % | £-20,118 | £472,881 |
| 3 Month Average | 12.809 % | £63,149 | £556,149 |
| 6 Month Average | 17.768 % | £87,596 | £580,596 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Nov 2023 | £2,026,010 | £2,000,000 | 37 WEMYSS ROAD |
| 31 Aug 2023 | £417,539 | £415,000 | 20A BLACKHEATH GROVE |
| 26 Jun 2023 | £433,515 | £430,000 | FLAT 17 WYATT HOUSE WEMYSS ROAD |
| 25 Nov 2022 | £492,021 | £500,000 | FLAT 5 FALCONWOOD COURT, 24 MONTPELIER ROW |
| 1 Aug 2022 | £647,624 | £652,000 | UPPER MAISONETTE AT 16 BLACKHEATH GROVE |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 19 Jun 2019. Using an estimated price of £619,000 means this house is valued at £8,479 per sq meter (£787 per sq foot).
The average size of a house on WEMYSS ROAD is 93 sq meters (1,003 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wemyss Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Wemyss Road |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Wemyss Road |
| Jan 2024 | Anti-social behaviour | On or near Wemyss Road | |
| Jan 2024 | Anti-social behaviour | On or near Wemyss Road |