£574,810
This estimated value is based upon the latest sale price for the house of £490,000 on 23 Oct 2020. 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 |
|---|---|
| £490,000 | 23 Oct 2020 |
| £308,000 | 29 Oct 2012 |
| £249,000 | 22 Jul 2005 |
| £216,500 | 30 Jan 2004 |
| £216,500 | 30 Jan 2004 |
| £96,000 | 29 Jan 1999 |
| £62,500 | 26 May 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 80 sq meters or 861 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 2020 the House Price Index for GREATER LONDON was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £490,000 results in an estimated price of approximately £574,810.
| 23 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £490,000 | £84,810 | £574,810 |
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 | 28.556 % | £139,925 | £629,925 |
| 3 Month Average | 14.924 % | £73,125 | £563,125 |
| 6 Month Average | 11.891 % | £58,268 | £548,268 |
| 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 80 sq meters or 861 sq feet when measured on 12 Jun 2018. Using an estimated price of £574,811 means this house is valued at £7,185 per sq meter (£667 per sq foot).
The average size of a house on UNDERHILL ROAD is 95 sq meters (1,025 sq feet).