£692,666
This estimated value is based upon the latest sale price for the house of £560,000 on 17 Aug 2018. 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 |
|---|---|
| £560,000 | 17 Aug 2018 |
| Terraced |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 2018 the House Price Index for GREATER LONDON was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £560,000 results in an estimated price of approximately £692,666.
| 17 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £560,000 | £132,666 | £692,666 |
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 | 46.779 % | £261,962 | £821,962 |
| 3 Month Average | 20.366 % | £114,050 | £674,050 |
| 6 Month Average | 15.313 % | £85,750 | £645,750 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Jul 2023 | £826,119 | £815,000 | 221 GEORGE LANE |
| 20 May 2022 | £414,816 | £407,000 | 125 HITHER GREEN LANE |
| 25 Apr 2022 | £337,259 | £327,500 | GROUND FLOOR FLAT 27 SPRINGRICE ROAD |
| 14 Apr 2022 | £381,026 | £370,000 | 225A HITHER GREEN LANE |
| 19 Nov 2021 | £275,786 | £255,000 | FLAT 1 THEODORE COURT HITHER GREEN LANE |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 15 Aug 2016. Using an estimated price of £692,666 means this house is valued at £6,354 per sq meter (£590 per sq foot).
The average size of a house on SPRINGRICE ROAD is 96 sq meters (1,037 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Springrice Road |
| Jan 2024 | Other theft | Under investigation | On or near Supermarket |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Supermarket |
| Jan 2024 | Robbery | Under investigation | On or near Supermarket |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Supermarket |