£857,865
This estimated value is based upon the latest sale price for the house of £500,000 on 13 Aug 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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16 Sussex Street, London, SW1V 4RW
Phone: 02078284050
Price Paid | Date |
---|---|
£500,000 | 13 Aug 2012 |
£435,000 | 5 Nov 2010 |
£300,000 | 29 Jul 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 86 sq meters or 925 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 August 2012 the House Price Index for GREATER LONDON was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.573%.Applying this 71.573% change to the original purchase price of £500,000 results in an estimated price of approximately £857,865.
13 Aug 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.3 | 149.7 | 71.573 % | £500,000 | £357,865 | £857,865 |
The Postcode Pricing Model uses changes in average sales price within the SW1V 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 | 10.878 % | £54,391 | £554,391 |
3 Month Average | 38.706 % | £193,528 | £693,528 |
6 Month Average | 14.051 % | £70,252 | £570,252 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Apr 2024 | £393,416 | £390,000 | FLAT 10 BELLA BEST HOUSE 5B WESTMORELAND TERRACE |
4 Apr 2024 | £443,854 | £440,000 | FLAT 8 BELLA BEST HOUSE 5B WESTMORELAND TERRACE |
6 Mar 2024 | £558,582 | £550,000 | FLAT 7 BELLA BEST HOUSE 5B WESTMORELAND TERRACE |
19 Oct 2023 | £562,782 | £550,000 | FLAT 9 BELLA BEST HOUSE 5B WESTMORELAND TERRACE |
15 Mar 2023 | £610,190 | £600,000 | FLAT 8 EVESHAM HOUSE ABBOTS MANOR |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 21 Dec 2020. Using an estimated price of £857,866 means this house is valued at £9,975 per sq meter (£926 per sq foot).
The average size of a house on WESTMORELAND TERRACE is 132 sq meters (1,429 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Other theft | Under investigation | On or near Sutherland Row |