This estimated value is based upon the latest sale price for the house of £435,000 on 30 Jul 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£435,000||30 Jul 2018|
|£100,000||4 Dec 1998|
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 July 2018 the House Price Index for GREATER LONDON was 123.7.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of -0.447%.
Applying this -0.447% change to the original purchase price of £435,000 gives us an estimated price now of around £433,054.
|30 Jul 2018||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||-92.179 %||£-400,980||£34,019|
|3 Month Average||-40.467 %||£-176,030||£258,969|
|6 Month Average||-14.369 %||£-62,503||£372,496|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In July 2018 the average sale price for the 50 nearest sales within three quarters of a mile of ALASKA BUILDINGS, 61 FLAT G.08 BUILDING 600 GRANGE ROAD was £462,232.
In June 2020 the average sale price for the 27 nearest sales was £582,555. This is a change of 26.031%.
So taking the original purchase price of £435,000 and adjusting it by 26.031% gives an estimated price of £548,234.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 30 Jul 2018||Average price on 26 Jun 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|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|