£705,412
This estimated value is based upon the latest sale price for the house of £685,000 on 8 Apr 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Lancaster Gardens
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187c Southborough Lane, Bromley, BR2 8AR
Phone: 02030074690
| Price Paid | Date |
|---|---|
| £685,000 | 8 Apr 2022 |
| £425,000 | 30 Nov 2006 |
| £370,000 | 28 Jun 2002 |
| Terraced |
| Freehold |
| Floor Area: 151 sq meters or 1,625 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 April 2022 the House Price Index for GREATER LONDON was 144.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 2.980%.Applying this 2.980% change to the original purchase price of £685,000 results in an estimated price of approximately £705,412.
| 8 Apr 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 144.3 | 148.6 | 2.980 % | £685,000 | £20,412 | £705,412 |
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 | 15.882 % | £108,790 | £793,790 |
| 3 Month Average | -4.725 % | £-32,367 | £652,632 |
| 6 Month Average | -7.177 % | £-49,159 | £635,840 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Apr 2022 | £705,412 | £685,000 | 8 LANCASTER GARDENS |
| 31 Mar 2022 | £1,106,728 | £1,068,000 | 94 SOUTHBOROUGH ROAD |
| 15 Nov 2021 | £665,131 | £615,000 | 6 BIRDHAM CLOSE |
| 4 Jun 2021 | £788,599 | £735,000 | 23 WOODSIDE ROAD |
| 27 Apr 2021 | £663,393 | £587,500 | 165 SOUTHBOROUGH LANE |
This house has a floor area of 151 sq meters or 1,625 sq feet when measured on 4 Nov 2021. Using an estimated price of £705,412 means this house is valued at £4,671 per sq meter (£434 per sq foot).
The average size of a house on LANCASTER GARDENS is 164 sq meters (1,774 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Robbery | Under investigation | On or near Lancaster Gardens |
| Feb 2024 | Vehicle crime | Under investigation | On or near Lancaster Gardens |
| Feb 2024 | Burglary | Under investigation | On or near Lancaster Gardens |
| Jan 2024 | Vehicle crime | Under investigation | On or near Sibley Close |
| Jan 2024 | Other theft | Under investigation | On or near Birdham Close |