£255,214
This estimated value is based upon the latest sale price for the house of £158,000 on 25 Oct 2013. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Reed Close
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119 Burnt Ash Road, Lee, SE12 8RA
Phone: 02081281674
| Price Paid | Date |
|---|---|
| £158,000 | 25 Oct 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 October 2013 the House Price Index for GREATER LONDON was 90.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 61.528%.Applying this 61.528% change to the original purchase price of £158,000 results in an estimated price of approximately £255,214.
| 25 Oct 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 146.7 | 61.528 % | £158,000 | £97,214 | £255,214 |
The Postcode Pricing Model uses changes in average sales price within the SE12 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 | 65.227 % | £103,058 | £261,058 |
| 3 Month Average | 41.477 % | £65,533 | £223,533 |
| 6 Month Average | 55.067 % | £87,005 | £245,005 |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 6 Feb 2015.
The average size of a house on RAVENS WAY is 60 sq meters (652 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Under investigation | On or near Reed Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ravens Way |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ravens Way |