£1,045,585
This estimated value is based upon the latest sale price for the house of £872,000 on 14 Aug 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There have been two burglaries within the last year on or near Wellmeadow Road
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £872,000 | 14 Aug 2020 |
| £540,000 | 4 Dec 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 148 sq meters or 1,593 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 August 2020 the House Price Index for GREATER LONDON was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £872,000 results in an estimated price of approximately £1,045,585.
| 14 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £872,000 | £173,585 | £1,045,585 |
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 | -32.826 % | £-286,241 | £585,758 |
| 3 Month Average | -1.962 % | £-17,110 | £854,889 |
| 6 Month Average | 1.168 % | £10,188 | £882,188 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £319,080 | £315,000 | 71B WELLMEADOW ROAD |
| 8 Sep 2023 | £628,030 | £620,000 | 4 COURT MEWS |
| 8 Sep 2023 | £965,343 | £953,000 | 25 WELLMEADOW ROAD |
| 21 Feb 2023 | £234,842 | £235,000 | FLAT 2 53 WELLMEADOW ROAD |
| 30 Nov 2022 | £531,561 | £538,000 | 84 SPRINGBANK ROAD |
This house has a floor area of 148 sq meters or 1,593 sq feet when measured on 13 Aug 2013. Using an estimated price of £1,045,586 means this house is valued at £7,064 per sq meter (£656 per sq foot).
The average size of a house on WELLMEADOW ROAD is 93 sq meters (1,001 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wellmeadow Road |
| Apr 2024 | Other theft | Under investigation | On or near Wellmeadow Road |
| Apr 2024 | Burglary | Under investigation | On or near Wellmeadow Road |
| Apr 2024 | Burglary | Under investigation | On or near Wellmeadow Road |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wellmeadow Road |