£681,557
This estimated value is based upon the latest sale price for the house of £644,390 on 1 Dec 2021. 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 |
|---|---|
| £644,390 | 1 Dec 2021 |
| £360,000 | 18 Mar 2020 |
| Terraced |
| Freehold |
| Floor Area: 81 sq meters or 871 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 December 2021 the House Price Index for GREATER LONDON was 138.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 5.768%.Applying this 5.768% change to the original purchase price of £644,390 results in an estimated price of approximately £681,557.
| 1 Dec 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 146.7 | 5.768 % | £644,390 | £37,167 | £681,557 |
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 | 41.685 % | £268,616 | £913,006 |
| 3 Month Average | 4.612 % | £29,720 | £674,110 |
| 6 Month Average | -4.221 % | £-27,200 | £617,189 |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 4 Feb 2020.
The average size of a house on FARMFIELD ROAD is 75 sq meters (808 sq feet).