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 59.5.The House Price Index as of 12 Jan 2016 is 121.2 which is a change of 103.759%.
Applying this 103.759% change to the original purchase price of £230,000 gives us an estimated price now of around £468,646.
|27 Oct 2004||12 Jan 2016||% 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||96.720 %||£222,454||£452,454|
|3 Month Average||72.550 %||£166,864||£396,864|
|6 Month Average||80.756 %||£185,739||£415,739|
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 January 2017 the average sale price for the 50 nearest sales was £367,848. This is a change of 75.355%.
So taking the original purchase price of £230,000 and adjusting it by 75.355% gives an estimated price of £403,315.
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 31 Jan 2017||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|16 Dec 2016||£575,000||£575,000||22 LONGMEAD DRIVE|
|4 Nov 2016||£422,500||£422,500||3 LONGMEAD DRIVE|
|2 Sep 2016||£566,472||£570,000||10 CHERRYDOWN ROAD|
|26 Aug 2016||£535,590||£540,000||268 BEXLEY LANE|
|21 Jul 2016||£268,487||£269,950||50 ONSLOW DRIVE|
|Dec 2016||Violence and sexual offences||Under investigation||On or near Onslow Drive|
|Oct 2016||Bicycle theft||Investigation complete; no suspect identified||On or near Parking Area|
|Oct 2016||Burglary||Under investigation||On or near Goodwin Drive|
|Jan 2017||Violence and sexual offences||Under investigation||On or near Longmead Drive|
|Oct 2016||Drugs||Offender given community sentence||On or near Bexley Lane|