£383,925
This estimated value is based upon the latest sale price for the house of £378,500 on 24 Jun 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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424 Downham Way, Bromley, BR1 5HR
Phone: 02036418583
| Price Paid | Date |
|---|---|
| £378,500 | 24 Jun 2022 |
| £140,000 | 26 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 764 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 2022 the House Price Index for GREATER LONDON was 146.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.433%.Applying this 1.433% change to the original purchase price of £378,500 results in an estimated price of approximately £383,925.
| 24 Jun 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.5 | 148.6 | 1.433 % | £378,500 | £5,425 | £383,925 |
The Postcode Pricing Model uses changes in average sales price within the BR1 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 | -4.921 % | £-18,624 | £359,875 |
| 3 Month Average | 1.165 % | £4,410 | £382,910 |
| 6 Month Average | -11.025 % | £-41,728 | £336,771 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £363,177 | £360,000 | 229 SHROFFOLD ROAD |
| 27 Jun 2023 | £404,905 | £400,000 | 58 NORTHOVER |
| 1 Mar 2023 | £464,375 | £460,000 | 13 ROUNDTABLE ROAD |
| 24 Jun 2022 | £383,926 | £378,500 | 116 DURHAM HILL |
| 11 May 2022 | £397,999 | £390,500 | 29 NORTHOVER |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 18 Oct 2021. Using an estimated price of £383,926 means this house is valued at £5,407 per sq meter (£502 per sq foot).
The average size of a house on DURHAM HILL is 73 sq meters (785 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Northover |
| Apr 2024 | Drugs | Under investigation | On or near Northover |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Northover |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Northover |
| Apr 2024 | Other theft | Under investigation | On or near Northover |