£516,471
This estimated value is based upon the latest sale price for the house of £450,000 on 16 Dec 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £450,000 | 16 Dec 2020 |
| £83,500 | 30 Apr 1998 |
| Terraced |
| Freehold |
| Floor Area: 60 sq meters or 645 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 December 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £450,000 results in an estimated price of approximately £516,471.
| 16 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £450,000 | £66,471 | £516,471 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | -29.708 % | £-133,686 | £316,313 |
| 3 Month Average | 3.526 % | £15,868 | £465,868 |
| 6 Month Average | -1.845 % | £-8,302 | £441,697 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Feb 2023 | £411,723 | £412,000 | FLAT 1 56 LULLINGSTONE LANE |
| 4 Mar 2022 | £358,547 | £346,000 | FLAT 5 56 LULLINGSTONE LANE |
| 8 Dec 2021 | £407,123 | £380,000 | FLAT 6 19 HIGHFIELD CLOSE |
| 1 Dec 2021 | £499,958 | £466,650 | 44 LULLINGSTONE LANE |
| 8 Oct 2021 | £406,631 | £367,500 | FLAT 3 19 HIGHFIELD CLOSE |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 21 Aug 2020. Using an estimated price of £516,471 means this house is valued at £8,607 per sq meter (£799 per sq foot).
The average size of a house on LULLINGSTONE LANE is 66 sq meters (710 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Lullingstone Lane |