This estimated value is based upon the latest sale price for the house of £230,000 on 27 Oct 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£230,000||27 Oct 2004|
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 October 2004 the House Price Index for GREATER LONDON was 64.1.The House Price Index as of 1 Dec 2017 is 124.0 which is a change of 93.582%.
Applying this 93.582% change to the original purchase price of £230,000 gives us an estimated price now of around £445,238.
|27 Oct 2004||1 Dec 2017||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the DA14 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||115.575 %||£265,823||£495,823|
|3 Month Average||72.882 %||£167,628||£397,628|
|6 Month Average||51.239 %||£117,849||£347,849|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In October 2004 the average sale price for the 50 nearest sales within two miles of 20 LONGMEAD DRIVE was £209,774.
In February 2018 the average sale price for the 50 nearest sales was £317,664. This is a change of 51.432%.
So taking the original purchase price of £230,000 and adjusting it by 51.432% gives an estimated price of £348,293.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 27 Oct 2004||Average price on 28 Feb 2018||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|4 Jan 2018||£224,362||£224,362||20 CHERRYDOWN ROAD|
|8 Dec 2017||£495,000||£495,000||292 BEXLEY LANE|
|11 Sep 2017||£454,220||£455,000||55 LONGMEAD DRIVE|
|21 Aug 2017||£422,001||£420,000||5 LONGMEAD DRIVE|
|9 Jun 2017||£457,516||£450,000||19 CHERRYDOWN ROAD|
|Nov 2017||Anti-social behaviour||On or near Cherrydown Road|
|Nov 2017||Burglary||Investigation complete; no suspect identified||On or near Onslow Drive|
|Nov 2017||Drugs||Offender given a caution||On or near Onslow Drive|
|Nov 2017||Other theft||Under investigation||On or near Bexley Lane|
|Nov 2017||Burglary||Under investigation||On or near Cotleigh Avenue|