£1,243,740
This estimated value is based upon the latest sale price for the house of £1,150,000 on 25 Nov 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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24 Crown Lane, Morden, SM4 5BL
Phone: 02036414364
Price Paid | Date |
---|---|
£1,150,000 | 25 Nov 2021 |
£710,000 | 9 Dec 2015 |
Terraced |
Freehold |
Floor Area: 159 sq meters or 1,711 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 2021 the House Price Index for GREATER LONDON was 137.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 8.151%.Applying this 8.151% change to the original purchase price of £1,150,000 results in an estimated price of approximately £1,243,740.
25 Nov 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.4 | 148.6 | 8.151 % | £1,150,000 | £93,740 | £1,243,740 |
The Postcode Pricing Model uses changes in average sales price within the SW19 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 | -14.861 % | £-170,898 | £979,101 |
3 Month Average | -12.327 % | £-141,761 | £1,008,238 |
6 Month Average | -9.254 % | £-106,422 | £1,043,577 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Aug 2023 | £1,296,341 | £1,285,000 | 8 SANDBOURNE AVENUE |
7 Jul 2023 | £1,155,553 | £1,140,000 | 6 WESSEX AVENUE |
19 Jan 2023 | £895,780 | £900,000 | 17 CHARMINSTER AVENUE |
30 Nov 2022 | £1,197,495 | £1,212,000 | 19 CHARMINSTER AVENUE |
16 Jun 2022 | £1,166,485 | £1,150,000 | 1 CHARMINSTER AVENUE |
This house has a floor area of 159 sq meters or 1,711 sq feet when measured on 14 Sep 2021. Using an estimated price of £1,243,741 means this house is valued at £7,822 per sq meter (£726 per sq foot).
The average size of a house on WESSEX AVENUE is 175 sq meters (1,894 sq feet).