£366,599
This estimated value is based upon the latest sale price for the house of £295,000 on 10 Dec 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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424 Downham Way, Bromley, BR1 5HR
Phone: 02036418583
| Price Paid | Date |
|---|---|
| £295,000 | 10 Dec 2018 |
| £188,000 | 24 Jan 2013 |
| £155,000 | 23 Jan 2009 |
| £112,000 | 17 Aug 2001 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 December 2018 the House Price Index for GREATER LONDON was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £295,000 results in an estimated price of approximately £366,599.
| 10 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £295,000 | £71,599 | £366,599 |
The Postcode Pricing Model uses changes in average sales price within the BR1 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 | -1.581 % | £-4,663 | £290,336 |
| 3 Month Average | 28.878 % | £85,189 | £380,189 |
| 6 Month Average | 20.023 % | £59,066 | £354,066 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Dec 2023 | £392,047 | £380,000 | 31 LAMEROCK ROAD |
| 20 Oct 2023 | £393,947 | £385,000 | 7 SHAW ROAD |
| 22 Sep 2023 | £347,664 | £340,000 | 91 DURHAM HILL |
| 22 Jun 2023 | £377,566 | £370,000 | 24 DURHAM HILL |
| 28 Apr 2023 | £379,600 | £372,500 | 106 DURHAM HILL |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 17 Aug 2012. Using an estimated price of £366,600 means this house is valued at £4,888 per sq meter (£454 per sq foot).
The average size of a house on DURHAM HILL is 73 sq meters (785 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Possession of weapons | Under investigation | On or near Durham Hill |
| Apr 2024 | Anti-social behaviour | On or near Lamerock Road | |
| Apr 2024 | Anti-social behaviour | On or near Lamerock Road | |
| Apr 2024 | Anti-social behaviour | On or near Lamerock Road | |
| Apr 2024 | Anti-social behaviour | On or near Lamerock Road |