£550,921
This estimated value is based upon the latest sale price for the house of £350,000 on 19 Mar 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Rainbow Quay
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Suite 18, 08 Aragon Tower, George Beard Road, London, SE8 3AL
Phone: 02036413928
| Price Paid | Date |
|---|---|
| £350,000 | 19 Mar 2014 |
| £107,950 | 23 Oct 1998 |
| Flats/Maisonettes |
| Leasehold |
| 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 2014 the House Price Index for GREATER LONDON was 94.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.406%.Applying this 57.406% change to the original purchase price of £350,000 results in an estimated price of approximately £550,921.
| 19 Mar 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 148.6 | 57.406 % | £350,000 | £200,921 | £550,921 |
The Postcode Pricing Model uses changes in average sales price within the SE16 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 | 11.896 % | £41,636 | £391,636 |
| 3 Month Average | 37.841 % | £132,442 | £482,442 |
| 6 Month Average | 37.202 % | £130,205 | £480,205 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £549,130 | £541,000 | FLAT 5 99 ROPE STREET |
| 6 Jan 2023 | £383,195 | £385,000 | FLAT 4 5 RAINBOW QUAY |
| 15 Aug 2022 | £593,403 | £595,000 | FLAT 7 101 ROPE STREET |
| 31 May 2022 | £356,722 | £350,000 | FLAT 4 3 RAINBOW QUAY |
| 7 Dec 2021 | £391,053 | £365,000 | FLAT 4 100 ROPE STREET |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 26 Jan 2017. Using an estimated price of £550,922 means this house is valued at £7,651 per sq meter (£710 per sq foot).
The average size of a house on RAINBOW QUAY is 69 sq meters (751 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Rainbow Quay |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rope Street |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Rope Street |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Rope Street |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Rope Street |