£261,110
This estimated value is based upon the latest sale price for the house of £159,000 on 5 Jan 2007. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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3a Victoria House South Lambeth Road, Nine Elms, London, SW8 1QT
Phone: 02034637504
Price Paid | Date |
---|---|
£159,000 | 5 Jan 2007 |
£215,000 | 1 Sep 2005 |
£60,000 | 6 Aug 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 53 sq meters or 579 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 January 2007 the House Price Index for GREATER LONDON was 90.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 64.221%.Applying this 64.221% change to the original purchase price of £159,000 results in an estimated price of approximately £261,110.
5 Jan 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
90.5 | 148.6 | 64.221 % | £159,000 | £102,110 | £261,110 |
The Postcode Pricing Model uses changes in average sales price within the SW8 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 | 67.532 % | £107,375 | £266,375 |
3 Month Average | 74.382 % | £118,267 | £277,267 |
6 Month Average | 97.154 % | £154,475 | £313,475 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Jul 2023 | £415,593 | £410,000 | 31A RITA ROAD |
30 Jun 2023 | £430,211 | £425,000 | FLAT 1 BEAUFOY HOUSE, 1 REGENTS BRIDGE GARDENS |
19 Apr 2023 | £2,021,769 | £2,000,000 | 131 FENTIMAN ROAD |
3 Feb 2023 | £679,543 | £680,000 | 65 RITA ROAD |
15 Jul 2022 | £412,109 | £411,000 | FLAT 2 3 RITA ROAD |
This house has a floor area of 53 sq meters or 579 sq feet when measured on 4 May 2010. Using an estimated price of £261,111 means this house is valued at £4,851 per sq meter (£450 per sq foot).
The average size of a house on RITA ROAD is 79 sq meters (857 sq feet).