£1,120,444
This estimated value is based upon the latest sale price for the house of £245,000 on 5 Jan 1999. 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 |
|---|---|
| £245,000 | 5 Jan 1999 |
| Detached |
| Freehold |
| Floor Area: 128 sq meters or 1,377 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 January 1999 the House Price Index for GREATER LONDON was 32.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 357.324%.Applying this 357.324% change to the original purchase price of £245,000 results in an estimated price of approximately £1,120,444.
| 5 Jan 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 32.7 | 149.7 | 357.324 % | £245,000 | £875,444 | £1,120,444 |
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 | 242.216 % | £593,430 | £838,430 |
| 3 Month Average | 232.879 % | £570,554 | £815,554 |
| 6 Month Average | 260.939 % | £639,300 | £884,300 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £700,767 | £690,000 | 24 HIGHFIELD ROAD |
| 19 Oct 2023 | £920,916 | £900,000 | 26 HIGHFIELD ROAD |
| 11 Aug 2023 | £982,724 | £965,000 | 5 HILLCREST ROAD |
| 15 Jun 2023 | £938,814 | £920,000 | 52 HILLCREST ROAD |
| 1 Mar 2023 | £1,489,881 | £1,465,000 | 35 HILLCREST ROAD |
This house has a floor area of 128 sq meters or 1,377 sq feet when measured on 12 Jul 2013. Using an estimated price of £1,120,445 means this house is valued at £8,753 per sq meter (£813 per sq foot).
The average size of a house on HILLDEANE ROAD is 214 sq meters (2,313 sq feet).
This house is the smallest in the street with a floor area of 128 sq meters (1,377 sq feet).