£383,786
This estimated value is based upon the latest sale price for the house of £308,000 on 13 Aug 2018. 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 |
---|---|
£308,000 | 13 Aug 2018 |
£162,000 | 23 Mar 2006 |
Terraced |
Freehold |
Floor Area: 69 sq meters or 742 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 August 2018 the House Price Index for GREATER LONDON was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £308,000 results in an estimated price of approximately £383,786.
13 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.1 | 149.7 | 24.606 % | £308,000 | £75,786 | £383,786 |
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 | 13.293 % | £40,943 | £348,943 |
3 Month Average | 34.349 % | £105,793 | £413,793 |
6 Month Average | 16.365 % | £50,402 | £358,402 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Dec 2023 | £392,047 | £380,000 | 23 DETLING ROAD |
17 Feb 2023 | £241,614 | £240,000 | 52 PONTEFRACT ROAD |
19 Aug 2022 | £401,879 | £400,000 | 33 HEADCORN ROAD |
5 Aug 2022 | £394,846 | £393,000 | 41 HEADCORN ROAD |
12 Apr 2022 | £324,194 | £312,500 | 91 PONTEFRACT ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 8 May 2018. Using an estimated price of £383,787 means this house is valued at £5,562 per sq meter (£516 per sq foot).
The average size of a house on HEADCORN ROAD is 79 sq meters (857 sq feet).