£1,088,476
This estimated value is based upon the latest sale price for the house of £482,500 on 27 Oct 2003. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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4 Russell Parade, Russell Hill Road, Purley, CR8 2LE
Phone: 02080330761
Price Paid | Date |
---|---|
£482,500 | 27 Oct 2003 |
£482,500 | 27 Oct 2003 |
£482,500 | 27 Oct 2003 |
£482,500 | 27 Oct 2003 |
£482,500 | 27 Oct 2003 |
£318,000 | 24 Jan 2003 |
Detached |
Freehold |
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 October 2003 the House Price Index for GREATER LONDON was 66.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 125.591%.Applying this 125.591% change to the original purchase price of £482,500 results in an estimated price of approximately £1,088,476.
27 Oct 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
66.4 | 149.7 | 125.591 % | £482,500 | £605,976 | £1,088,476 |
The Postcode Pricing Model uses changes in average sales price within the CR8 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 | 84.510 % | £407,759 | £890,259 |
3 Month Average | 78.491 % | £378,720 | £861,220 |
6 Month Average | 105.377 % | £508,443 | £990,943 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Mar 2023 | £298,993 | £294,000 | 5 RHEINGOLD WAY |
28 Nov 2022 | £844,551 | £848,500 | 2 DEACON CLOSE |
20 Oct 2022 | £822,254 | £825,000 | 244 FORESTERS DRIVE |
13 May 2022 | £410,700 | £400,000 | 6 RHEINGOLD WAY |
28 Jan 2022 | £938,276 | £885,000 | 204 FORESTERS DRIVE |
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Plesman Way |