£590,385
This estimated value is based upon the latest sale price for the house of £229,995 on 1 Nov 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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483 Merton Road, London, SW18 5LE
Phone: 02080335510
Price Paid | Date |
---|---|
£229,995 | 1 Nov 2002 |
£92,150 | 17 Nov 1997 |
£68,000 | 27 Sep 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 59 sq meters or 635 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 2002 the House Price Index for GREATER LONDON was 57.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 156.695%.Applying this 156.695% change to the original purchase price of £229,995 results in an estimated price of approximately £590,385.
1 Nov 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
57.9 | 148.6 | 156.695 % | £229,995 | £360,390 | £590,385 |
The Postcode Pricing Model uses changes in average sales price within the SW18 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 | 226.082 % | £519,977 | £749,972 |
3 Month Average | 140.401 % | £322,915 | £552,910 |
6 Month Average | 153.245 % | £352,455 | £582,450 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £625,498 | £617,500 | 7A PENWITH ROAD |
24 Aug 2023 | £611,853 | £606,500 | 4 PENWITH ROAD |
18 Aug 2023 | £534,679 | £530,001 | 21 RAVENSBURY ROAD |
17 Jul 2023 | £633,527 | £625,000 | 15 PENWITH ROAD |
14 Jul 2023 | £734,891 | £725,000 | 20 STRATHVILLE ROAD |
This house has a floor area of 59 sq meters or 635 sq feet when measured on 3 Sep 2019. Using an estimated price of £590,386 means this house is valued at £10,006 per sq meter (£929 per sq foot).
The average size of a house on PENWITH ROAD is 69 sq meters (747 sq feet).