£238,288
This estimated value is based upon the latest sale price for the house of £63,000 on 26 May 2000. 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 |
|---|---|
| £63,000 | 26 May 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 42 sq meters or 452 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 2000 the House Price Index for GREATER LONDON was 39.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 278.236%.Applying this 278.236% change to the original purchase price of £63,000 results in an estimated price of approximately £238,288.
| 26 May 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 39.3 | 148.6 | 278.236 % | £63,000 | £175,288 | £238,288 |
The Postcode Pricing Model uses changes in average sales price within the SE1 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 | 114.533 % | £72,155 | £135,155 |
| 3 Month Average | 171.751 % | £108,202 | £171,202 |
| 6 Month Average | 194.465 % | £122,512 | £185,512 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £588,716 | £580,000 | FLAT A 79 LYNTON ROAD |
| 22 Aug 2022 | £493,671 | £495,000 | 23 OXLEY CLOSE |
| 5 May 2022 | £458,642 | £450,000 | 61 CADET DRIVE |
| 21 Feb 2022 | £495,508 | £472,500 | 60 CADET DRIVE |
| 30 Sep 2021 | £457,977 | £425,000 | 4 BURNELL WALK |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 18 Nov 2016. Using an estimated price of £238,289 means this house is valued at £5,673 per sq meter (£527 per sq foot).
The average size of a house on CADET DRIVE is 56 sq meters (611 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Bicycle theft | Investigation complete; no suspect identified | On or near Cadet Drive |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Oxley Close |
| Dec 2023 | Anti-social behaviour | On or near Oxley Close | |
| Dec 2023 | Anti-social behaviour | On or near Oxley Close | |
| Dec 2023 | Anti-social behaviour | On or near Oxley Close |