£225,887
This estimated value is based upon the latest sale price for the house of £120,000 on 26 Nov 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £120,000 | 26 Nov 2004 |
| Terraced |
| Freehold |
| Floor Area: 57 sq meters or 621 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 2004 the House Price Index for GREATER LONDON was 78.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 88.239%.Applying this 88.239% change to the original purchase price of £120,000 results in an estimated price of approximately £225,887.
| 26 Nov 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.9 | 148.6 | 88.239 % | £120,000 | £105,887 | £225,887 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | 92.802 % | £111,362 | £231,362 |
| 3 Month Average | 139.266 % | £167,119 | £287,119 |
| 6 Month Average | 125.853 % | £151,024 | £271,024 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £965,343 | £953,000 | 25 WELLMEADOW ROAD |
| 8 Sep 2023 | £628,030 | £620,000 | 4 COURT MEWS |
| 21 Feb 2023 | £294,802 | £295,000 | FLAT C 20 WELLMEADOW ROAD |
| 30 Nov 2022 | £531,561 | £538,000 | 84 SPRINGBANK ROAD |
| 18 Nov 2022 | £908,989 | £920,000 | 1 WELLMEADOW ROAD |
This house has a floor area of 57 sq meters or 621 sq feet when measured on 6 Oct 2009. Using an estimated price of £225,887 means this house is valued at £3,914 per sq meter (£363 per sq foot).
The average size of a house on SPRINGBANK ROAD is 76 sq meters (819 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Springbank Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Springbank Road |
| Jan 2024 | Drugs | Local resolution | On or near Springbank Road |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Springbank Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Springbank Road |