This estimated value is based upon the latest sale price for the house of £380,000 on 6 Feb 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£380,000||6 Feb 2002|
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 February 2002 the House Price Index for GREATER LONDON was 45.3.The House Price Index as of 1 Jun 2019 is 120.5 which is a change of 165.949%.
Applying this 165.949% change to the original purchase price of £380,000 gives us an estimated price now of around £1,010,605.
|6 Feb 2002||1 Jun 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||95.386 %||£362,467||£742,467|
|3 Month Average||198.368 %||£753,796||£1,133,796|
|6 Month Average||176.918 %||£672,288||£1,052,288|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In February 2002 the average sale price for the 50 nearest sales within three quarters of a mile of ALASKA BUILDINGS, 61 FLAT 5.04 BUILDING 600 GRANGE ROAD was £230,648.
In October 2019 the average sale price for the 50 nearest sales was £488,586. This is a change of 111.832%.
So taking the original purchase price of £380,000 and adjusting it by 111.832% gives an estimated price of £804,961.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 6 Feb 2002||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|25 Jan 2019||£407,999||£412,750||FLAT G.01 BUILDING 600 ALASKA BUILDINGS, 61 GRANGE ROAD|
|30 Jul 2018||£423,582||£435,000||FLAT G.08 BUILDING 600 ALASKA BUILDINGS, 61 GRANGE ROAD|
|4 May 2018||£741,373||£750,000||FLAT 7.24 BUILDING 720 ALASKA BUILDINGS, 61 GRANGE ROAD|
|30 Jan 2018||£595,811||£605,000||88 ALASKA BUILDINGS, 61 GRANGE ROAD|
|30 Jan 2018||£595,811||£605,000||FLAT 3.08 BUILDING 600 ALASKA BUILDINGS, 61 GRANGE ROAD|