£735,867
This estimated value is based upon the latest sale price for the house of £600,000 on 26 Nov 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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6 Mitre Passage, Greenwich Peninsula, London, SE10 0ER
Phone: 02081667212
| Price Paid | Date |
|---|---|
| £600,000 | 26 Nov 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 2019 the House Price Index for GREATER LONDON was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.645%.Applying this 22.645% change to the original purchase price of £600,000 results in an estimated price of approximately £735,867.
| 26 Nov 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.645 % | £600,000 | £135,867 | £735,867 |
The Postcode Pricing Model uses changes in average sales price within the SE10 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 | -4.182 % | £-25,091 | £574,908 |
| 3 Month Average | -3.681 % | £-22,083 | £577,916 |
| 6 Month Average | -1.861 % | £-11,167 | £588,832 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jul 2023 | £522,026 | £515,000 | FLAT 604 8 CUTTER LANE |
| 1 Feb 2023 | £1,099,260 | £1,100,000 | FLAT 1204 8 CUTTER LANE |
| 22 Sep 2021 | £980,609 | £910,000 | FLAT 1304 8 CUTTER LANE |
| 31 Aug 2021 | £1,002,381 | £898,500 | FLAT 1604 8 CUTTER LANE |
| 18 Jun 2021 | £547,352 | £510,150 | FLAT 712 8 CUTTER LANE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 6 Aug 2019. Using an estimated price of £735,867 means this house is valued at £13,884 per sq meter (£1,289 per sq foot).
The average size of a house on CUTTER LANE is 69 sq meters (748 sq feet).