This estimated value is based upon the latest sale price for the house of £457,500 on 25 Jul 2005. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£457,500||25 Jul 2005|
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 July 2005 the House Price Index for GREATER LONDON was 64.6.The House Price Index as of 1 Jun 2019 is 120.5 which is a change of 86.654%.
Applying this 86.654% change to the original purchase price of £457,500 gives us an estimated price now of around £853,940.
|25 Jul 2005||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the BR2 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||91.699 %||£419,521||£877,021|
|3 Month Average||61.361 %||£280,726||£738,226|
|6 Month Average||71.325 %||£326,312||£783,812|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In July 2005 the average sale price for the 50 nearest sales within two miles of 4 ROWAN WALK was £294,607.
In October 2019 the average sale price for the 50 nearest sales was £450,845. This is a change of 53.033%.
So taking the original purchase price of £457,500 and adjusting it by 53.033% gives an estimated price of £700,125.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 25 Jul 2005||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|3 May 2019||£584,860||£580,000||222 HASTINGS ROAD|
|5 Apr 2019||£1,253,565||£1,250,000||10 CROYDON ROAD|
|18 Mar 2019||£604,727||£605,000||16 ROWAN WALK|
|15 Mar 2019||£689,689||£690,000||246 HASTINGS ROAD|
|14 Mar 2019||£629,716||£630,000||43 ROWAN WALK|