£519,602
This estimated value is based upon the latest sale price for the house of £450,000 on 2 Nov 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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157 New Cross Road, New Cross, SE14 5DG
Phone: 02081154572
| Price Paid | Date |
|---|---|
| £450,000 | 2 Nov 2020 |
| £420,000 | 28 Sep 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 November 2020 the House Price Index for GREATER LONDON was 128.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 15.467%.Applying this 15.467% change to the original purchase price of £450,000 results in an estimated price of approximately £519,602.
| 2 Nov 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.0 | 15.467 % | £450,000 | £69,602 | £519,602 |
The Postcode Pricing Model uses changes in average sales price within the SE14 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 | -62.572 % | £-281,574 | £168,425 |
| 3 Month Average | -31.856 % | £-143,351 | £306,648 |
| 6 Month Average | -25.327 % | £-113,972 | £336,027 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £501,488 | £492,000 | 60 BILLINGTON ROAD |
| 27 Apr 2023 | £483,594 | £480,000 | 18A BILLINGTON ROAD |
| 5 Apr 2023 | £836,215 | £830,000 | 12 HATCHAM PARK MEWS |
| 23 Mar 2023 | £726,055 | £722,130 | 43 HATCHAM PARK ROAD |
| 23 Feb 2023 | £375,225 | £377,000 | 46B BILLINGTON ROAD |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 24 Aug 2015. Using an estimated price of £519,603 means this house is valued at £9,992 per sq meter (£928 per sq foot).
The average size of a house on HATCHAM PARK MEWS is 87 sq meters (938 sq feet).