£602,549
This estimated value is based upon the latest sale price for the house of £525,000 on 1 Dec 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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171 Burnt Ash Lane, Bromley, BR1 5DJ
Phone: 02045164746
| Price Paid | Date |
|---|---|
| £525,000 | 1 Dec 2020 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £525,000 results in an estimated price of approximately £602,549.
| 1 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £525,000 | £77,549 | £602,549 |
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 | -16.419 % | £-86,197 | £438,802 |
| 3 Month Average | 2.805 % | £14,728 | £539,728 |
| 6 Month Average | -5.186 % | £-27,227 | £497,772 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Aug 2023 | £675,913 | £670,000 | 3 BRIARY GARDENS |
| 18 Apr 2023 | £412,441 | £408,000 | 17 RYDER CLOSE |
| 30 Nov 2022 | £666,922 | £675,000 | 144 RIDGEWAY DRIVE |
| 26 Aug 2022 | £643,268 | £645,000 | 184 BURNT ASH LANE |
| 30 Mar 2022 | £746,110 | £720,001 | 172 BURNT ASH LANE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 29 Jun 2020. Using an estimated price of £602,550 means this house is valued at £5,907 per sq meter (£548 per sq foot).
The average size of a house on RIDGEWAY DRIVE is 110 sq meters (1,191 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Briary Gardens |
| Mar 2024 | Vehicle crime | Under investigation | On or near Pike Close |
| Mar 2024 | Other crime | Under investigation | On or near Oak Tree Gardens |