£457,458
This estimated value is based upon the latest sale price for the house of £463,000 on 16 Nov 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 London Road, Forest Hill, London, SE23 3PH
Phone: 02034783484
| Price Paid | Date |
|---|---|
| £463,000 | 16 Nov 2022 |
| £323,000 | 17 May 2013 |
| £250,000 | 3 Sep 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 567 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 November 2022 the House Price Index for GREATER LONDON was 150.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.197%.Applying this -1.197% change to the original purchase price of £463,000 results in an estimated price of approximately £457,458.
| 16 Nov 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 148.6 | -1.197 % | £463,000 | £-5,541 | £457,458 |
The Postcode Pricing Model uses changes in average sales price within the SE22 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 | 40.464 % | £187,346 | £650,346 |
| 3 Month Average | -6.993 % | £-32,376 | £430,623 |
| 6 Month Average | 3.269 % | £15,133 | £478,133 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £1,197,732 | £1,180,000 | 20 UNDERHILL ROAD |
| 25 Aug 2023 | £655,737 | £650,000 | 41A MELFORD ROAD |
| 28 Jul 2023 | £202,729 | £200,000 | FLAT 3 549 LORDSHIP LANE |
| 7 Jul 2023 | £785,573 | £775,000 | 52 MELFORD ROAD |
| 3 Mar 2023 | £446,709 | £442,500 | FLAT 8 DULWICH COURT, 2 UNDERHILL ROAD |
This house has a floor area of 52 sq meters or 567 sq feet when measured on 11 Jun 2009. Using an estimated price of £457,459 means this house is valued at £8,680 per sq meter (£806 per sq foot).
The average size of a house on UNDERHILL ROAD is 95 sq meters (1,025 sq feet).