This estimated value is based upon the latest sale price for the house of £715,000 on 5 Jan 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£715,000||5 Jan 2015|
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 January 2015 the House Price Index for GREATER LONDON was 100.0.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 23.196%.
Applying this 23.196% change to the original purchase price of £715,000 gives us an estimated price now of around £880,852.
|5 Jan 2015||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the SE1 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||120.432 %||£861,087||£1,576,087|
|3 Month Average||22.884 %||£163,617||£878,617|
|6 Month Average||39.192 %||£280,220||£995,220|
|Date||Current Estimated Value||Price Paid||Address|
|25 Mar 2019||£230,071||£225,000||17 HAZEL WAY|
|18 Feb 2019||£456,002||£450,000||FLAT 22 172 GRANGE ROAD|
|30 Jul 2018||£433,054||£435,000||FLAT G.08 BUILDING 600 ALASKA BUILDINGS, 61 GRANGE ROAD|
|3 Jul 2018||£408,166||£410,000||FLAT 28 172 GRANGE ROAD|
|4 May 2018||£758,047||£750,000||FLAT 7.24 BUILDING 720 ALASKA BUILDINGS, 61 GRANGE ROAD|