£517,958
This estimated value is based upon the latest sale price for the house of £140,000 on 4 Aug 2000. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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56 Portland Road, London, SE25 4PQ
Phone: 02077680594
| Price Paid | Date |
|---|---|
| £140,000 | 4 Aug 2000 |
| £40,000 | 6 Mar 1998 |
| Terraced |
| Freehold |
| Floor Area: 21 sq meters or 226 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 2000 the House Price Index for GREATER LONDON was 40.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 269.970%.Applying this 269.970% change to the original purchase price of £140,000 results in an estimated price of approximately £517,958.
| 4 Aug 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.2 | 148.6 | 269.970 % | £140,000 | £377,958 | £517,958 |
The Postcode Pricing Model uses changes in average sales price within the SE25 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 | 94.038 % | £131,653 | £271,653 |
| 3 Month Average | 205.321 % | £287,448 | £427,448 |
| 6 Month Average | 259.160 % | £362,824 | £502,824 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £511,541 | £505,000 | TOP FLOOR 5 BALFOUR ROAD |
| 20 Jun 2023 | £283,433 | £280,000 | 11A CROWTHER ROAD |
| 13 Jun 2023 | £389,721 | £385,000 | 20 BALFOUR ROAD |
| 17 Mar 2023 | £196,855 | £195,000 | TOP FLOOR FLAT, 71 PORTLAND ROAD |
| 20 Jun 2022 | £523,397 | £516,000 | 5 CROWTHER ROAD |
This house has a floor area of 21 sq meters or 226 sq feet when measured on 20 Feb 2019. Using an estimated price of £517,959 means this house is valued at £24,664 per sq meter (£2,291 per sq foot).
The average size of a house on PORTLAND ROAD is 71 sq meters (765 sq feet).
This house is the smallest in the street with a floor area of 21 sq meters (226 sq feet).