£297,731
This estimated value is based upon the latest sale price for the house of £174,500 on 21 Dec 2009. 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 |
|---|---|
| £174,500 | 21 Dec 2009 |
| £170,000 | 24 Sep 2004 |
| £125,000 | 21 Jun 2004 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 759 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 2009 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 70.620%.Applying this 70.620% change to the original purchase price of £174,500 results in an estimated price of approximately £297,731.
| 21 Dec 2009 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 146.7 | 70.620 % | £174,500 | £123,231 | £297,731 |
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 | 171.818 % | £299,821 | £474,321 |
| 3 Month Average | 78.711 % | £137,350 | £311,850 |
| 6 Month Average | 75.276 % | £131,356 | £305,856 |
This house has a floor area of 70 sq meters or 759 sq feet when measured on 25 Aug 2009.
The average size of a house on MERLIN GARDENS is 76 sq meters (820 sq feet).
This house is the largest in the street with a floor area of 70 sq meters (759 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Riverbank Road | |
| Jan 2024 | Anti-social behaviour | On or near Riverbank Road | |
| Jan 2024 | Anti-social behaviour | On or near Riverbank Road | |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Riverbank Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Riverbank Road |