£560,056
This estimated value is based upon the latest sale price for the house of £420,000 on 31 Mar 2016. 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 | 31 Mar 2016 |
| £100,000 | 23 Dec 2004 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 March 2016 the House Price Index for GREATER LONDON was 110.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 33.347%.Applying this 33.347% change to the original purchase price of £420,000 results in an estimated price of approximately £560,056.
| 31 Mar 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 146.7 | 33.347 % | £420,000 | £140,056 | £560,056 |
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 | 72.083 % | £302,749 | £722,749 |
| 3 Month Average | 28.072 % | £117,904 | £537,904 |
| 6 Month Average | 17.886 % | £75,119 | £495,119 |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 12 May 2015.
The average size of a house on PALACE ROAD is 76 sq meters (825 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Under investigation | On or near North Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Apollo Avenue |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Apollo Avenue |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Apollo Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Apollo Avenue |