£255,806
This estimated value is based upon the latest sale price for the house of £49,950 on 30 Jun 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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201 London Road, Mitcham, CR4 2JD
Phone: 02034630376
Price Paid | Date |
---|---|
£49,950 | 30 Jun 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 53 sq meters or 570 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 June 1997 the House Price Index for GREATER LONDON was 29.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 412.126%.Applying this 412.126% change to the original purchase price of £49,950 results in an estimated price of approximately £255,806.
30 Jun 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
29.0 | 148.6 | 412.126 % | £49,950 | £205,856 | £255,806 |
The Postcode Pricing Model uses changes in average sales price within the CR4 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 | 383.778 % | £191,697 | £241,647 |
3 Month Average | 354.861 % | £177,253 | £227,203 |
6 Month Average | 380.899 % | £190,258 | £240,208 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Jan 2023 | £243,851 | £245,000 | FLAT 27 LONGLANDS COURT, 2 SPRING GROVE |
4 Sep 2020 | £540,259 | £455,000 | 3 FERNLEA ROAD |
25 Jun 2020 | £272,478 | £225,000 | 32 SUMMERHILL WAY |
29 Nov 2019 | £367,934 | £300,000 | 5 SUMMERHILL WAY |
18 Sep 2019 | £294,471 | £240,000 | FLAT 49 LONGLANDS COURT, 2 SPRING GROVE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 2 Oct 2018. Using an estimated price of £255,807 means this house is valued at £4,826 per sq meter (£448 per sq foot).
The average size of a house on SUMMERHILL WAY is 47 sq meters (509 sq feet).