£510,505
This estimated value is based upon the latest sale price for the house of £90,000 on 12 Jan 1996. 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 |
|---|---|
| £90,000 | 12 Jan 1996 |
| Terraced |
| Freehold |
| 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 January 1996 the House Price Index for GREATER LONDON was 26.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 467.228%.Applying this 467.228% change to the original purchase price of £90,000 results in an estimated price of approximately £510,505.
| 12 Jan 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.2 | 148.6 | 467.228 % | £90,000 | £420,505 | £510,505 |
The Postcode Pricing Model uses changes in average sales price within the SE6 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 | 355.520 % | £319,968 | £409,968 |
| 3 Month Average | 426.708 % | £384,037 | £474,037 |
| 6 Month Average | 412.835 % | £371,551 | £461,551 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2023 | £454,898 | £450,000 | 5 LINCOMBE ROAD |
| 1 Mar 2023 | £535,041 | £530,000 | 264 VERDANT LANE |
| 10 Feb 2023 | £424,714 | £425,000 | 137 NORTHOVER |
| 9 Jan 2023 | £331,439 | £333,000 | 35 WHITEFOOT TERRACE |
| 26 Aug 2022 | £403,913 | £405,000 | 114 NORTHOVER |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 22 Dec 2014. Using an estimated price of £510,505 means this house is valued at £6,381 per sq meter (£592 per sq foot).
The average size of a house on VERDANT LANE is 96 sq meters (1,036 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Verdant Lane |
| Apr 2024 | Public order | Under investigation | On or near Verdant Lane |
| Mar 2024 | Other theft | Under investigation | On or near Verdant Lane |
| Feb 2024 | Public order | Under investigation | On or near Verdant Lane |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Verdant Lane |