£932,877
This estimated value is based upon the latest sale price for the house of £545,000 on 19 Mar 2010. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Sherman Road, Bromley, BR1 3JH
Phone: 02036417285
Price Paid | Date |
---|---|
£545,000 | 19 Mar 2010 |
Detached |
Freehold |
Floor Area: 158 sq meters or 1,700 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 March 2010 the House Price Index for GREATER LONDON was 87.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.170%.Applying this 71.170% change to the original purchase price of £545,000 results in an estimated price of approximately £932,877.
19 Mar 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.5 | 149.7 | 71.170 % | £545,000 | £387,877 | £932,877 |
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 | 62.054 % | £338,195 | £883,195 |
3 Month Average | 97.667 % | £532,282 | £1,077,282 |
6 Month Average | 78.809 % | £429,508 | £974,508 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Nov 2023 | £410,418 | £400,000 | 14 ST TIMOTHYS MEWS |
16 Nov 2023 | £391,949 | £382,000 | 16 FREELANDS GROVE |
24 Mar 2023 | £452,558 | £445,000 | 2 HANSOM TERRACE |
8 Feb 2023 | £468,127 | £465,000 | 13 HAXTED ROAD |
10 Jun 2022 | £339,763 | £332,500 | 11B FREELANDS ROAD |
This house has a floor area of 158 sq meters or 1,700 sq feet when measured on 27 Jun 2017. Using an estimated price of £932,878 means this house is valued at £5,904 per sq meter (£548 per sq foot).
The average size of a house on PARK GROVE is 119 sq meters (1,282 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Freelands Road |