£356,620
This estimated value is based upon the latest sale price for the house of £78,000 on 22 Oct 1998. 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 |
|---|---|
| £78,000 | 22 Oct 1998 |
| Semi-Detached |
| Freehold |
| Floor Area: 113 sq meters or 1,224 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 October 1998 the House Price Index for GREATER LONDON was 32.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 357.205%.Applying this 357.205% change to the original purchase price of £78,000 results in an estimated price of approximately £356,620.
| 22 Oct 1998 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.1 | 146.7 | 357.205 % | £78,000 | £278,620 | £356,620 |
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 | 119.016 % | £92,832 | £170,832 |
| 3 Month Average | 281.469 % | £219,545 | £297,545 |
| 6 Month Average | 323.969 % | £252,695 | £330,695 |
This house has a floor area of 113 sq meters or 1,224 sq feet when measured on 15 Apr 2010.
The average size of a house on DRAKEFELL ROAD is 93 sq meters (1,005 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Kitto Road |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Kitto Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Kitto Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Kitto Road |