£654,163
This estimated value is based upon the latest sale price for the house of £420,000 on 28 May 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Sherman Road, Bromley, BR1 3JH
Phone: 02036417285
| Price Paid | Date |
|---|---|
| £420,000 | 28 May 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 135 sq meters or 1,453 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 May 2014 the House Price Index for GREATER LONDON was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £420,000 results in an estimated price of approximately £654,163.
| 28 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.1 | 149.7 | 55.753 % | £420,000 | £234,163 | £654,163 |
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 | 43.020 % | £180,682 | £600,682 |
| 3 Month Average | 74.415 % | £312,542 | £732,542 |
| 6 Month Average | 58.558 % | £245,944 | £665,944 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £301,650 | £295,000 | FLAT 28 THE LAURELS, 1 HOMEFIELD ROAD |
| 21 Jun 2023 | £270,419 | £265,000 | FLAT 53 THE OASIS, 124 WIDMORE ROAD |
| 7 Mar 2023 | £259,331 | £255,000 | FLAT 1 THE OASIS, 124 WIDMORE ROAD |
| 3 Mar 2023 | £289,840 | £285,000 | FLAT 19 THE LAURELS, 1 HOMEFIELD ROAD |
| 3 May 2022 | £385,031 | £375,000 | FLAT 11 THE LAURELS, 1 HOMEFIELD ROAD |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 25 Feb 2014. Using an estimated price of £654,164 means this house is valued at £4,845 per sq meter (£450 per sq foot).
The average size of a house on SOUTH VIEW is 206 sq meters (2,224 sq feet).
This house is the smallest in the street with a floor area of 135 sq meters (1,453 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Homefield Road | |
| Apr 2024 | Anti-social behaviour | On or near Homefield Road | |
| Apr 2024 | Anti-social behaviour | On or near Homefield Road | |
| Apr 2024 | Anti-social behaviour | On or near Homefield Road | |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Homefield Road |