This estimated value is based upon the latest sale price for the house of £249,995 on 22 Oct 1999. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£249,995||22 Oct 1999|
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 1999 the House Price Index for GREATER LONDON was 32.6.The House Price Index as of 1 Jun 2019 is 120.5 which is a change of 269.939%.
Applying this 269.939% change to the original purchase price of £249,995 gives us an estimated price now of around £924,829.
|22 Oct 1999||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the DA5 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||246.161 %||£615,389||£865,384|
|3 Month Average||277.137 %||£692,828||£942,823|
|6 Month Average||275.891 %||£689,713||£939,708|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In October 1999 the average sale price for the 50 nearest sales within two miles of 241 UPTON ROAD SOUTH was £121,491.
In October 2019 the average sale price for the 48 nearest sales was £359,371. This is a change of 195.801%.
So taking the original purchase price of £249,995 and adjusting it by 195.801% gives an estimated price of £739,488.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 22 Oct 1999||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|4 Jun 2019||£640,000||£640,000||257 UPTON ROAD SOUTH|
|1 Mar 2019||£469,788||£470,000||12 LOVE LANE|
|25 Oct 2018||£522,443||£535,000||10 LOVE LANE|
|17 Aug 2018||£301,273||£310,000||FLAT 11 ASCOT COURT, 66 PARKHILL ROAD|
|13 Aug 2018||£898,959||£925,000||2 THE CLOSE|