£407,754
This estimated value is based upon the latest sale price for the house of £307,500 on 12 Aug 2016. 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 |
|---|---|
| £307,500 | 12 Aug 2016 |
| Terraced |
| Freehold |
| Floor Area: 83 sq meters or 893 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 August 2016 the House Price Index for GREATER LONDON was 111.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 32.603%.Applying this 32.603% change to the original purchase price of £307,500 results in an estimated price of approximately £407,754.
| 12 Aug 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.0 | 32.603 % | £307,500 | £100,254 | £407,754 |
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 | -10.655 % | £-32,762 | £274,737 |
| 3 Month Average | 10.936 % | £33,629 | £341,129 |
| 6 Month Average | 8.822 % | £27,129 | £334,629 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £329,227 | £325,000 | 192 IVORYDOWN |
| 3 Jul 2023 | £457,326 | £453,000 | 44 HILLCREST ROAD |
| 15 Jun 2023 | £297,411 | £295,000 | 97 IVORYDOWN |
| 14 Apr 2023 | £483,594 | £480,000 | 73 GARETH GROVE |
| 31 Mar 2023 | £276,495 | £275,000 | 277 DOWNHAM WAY |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 7 Jul 2016. Using an estimated price of £407,755 means this house is valued at £4,912 per sq meter (£456 per sq foot).
The average size of a house on IVORYDOWN is 76 sq meters (819 sq feet).