£602,251
This estimated value is based upon the latest sale price for the house of £376,000 on 2 May 2008. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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157 New Cross Road, New Cross, SE14 5DG
Phone: 02081154572
Price Paid | Date |
---|---|
£376,000 | 2 May 2008 |
Semi-Detached |
Freehold |
Floor Area: 110 sq meters or 1,184 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 May 2008 the House Price Index for GREATER LONDON was 93.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.173%.Applying this 60.173% change to the original purchase price of £376,000 results in an estimated price of approximately £602,251.
2 May 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.5 | 149.7 | 60.173 % | £376,000 | £226,251 | £602,251 |
The Postcode Pricing Model uses changes in average sales price within the SE14 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 | 154.170 % | £579,680 | £955,680 |
3 Month Average | 110.669 % | £416,116 | £792,116 |
6 Month Average | 97.001 % | £364,722 | £740,722 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Jun 2024 | £475,000 | £475,000 | FIRST FLOOR FLAT 11 DRAKEFELL ROAD |
15 Sep 2023 | £1,698,441 | £1,661,000 | 88 DRAKEFELL ROAD |
25 Aug 2023 | £1,104,929 | £1,085,000 | 60 DRAKEFELL ROAD |
11 Aug 2022 | £614,875 | £612,000 | FLAT C 96 DRAKEFELL ROAD |
15 Jul 2022 | £607,083 | £601,000 | 11A DRAKEFELL ROAD |
This house has a floor area of 110 sq meters or 1,184 sq feet when measured on 18 Apr 2015. Using an estimated price of £602,252 means this house is valued at £5,475 per sq meter (£508 per sq foot).
The average size of a house on DRAKEFELL ROAD is 93 sq meters (1,005 sq feet).