£438,869
This estimated value is based upon the latest sale price for the house of £300,000 on 10 Jun 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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The Old Municipal Buildings, 19 East Street, Bromley, BR1 1QE
Phone: 02034630089
Price Paid | Date |
---|---|
£300,000 | 10 Jun 2015 |
£215,000 | 17 Feb 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 57 sq meters or 620 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 June 2015 the House Price Index for GREATER LONDON was 102.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 46.290%.Applying this 46.290% change to the original purchase price of £300,000 results in an estimated price of approximately £438,869.
10 Jun 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
102.3 | 149.7 | 46.290 % | £300,000 | £138,869 | £438,869 |
The Postcode Pricing Model uses changes in average sales price within the BR1 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 | 26.726 % | £80,179 | £380,179 |
3 Month Average | 42.568 % | £127,704 | £427,704 |
6 Month Average | 38.304 % | £114,910 | £414,910 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 May 2024 | £250,000 | £250,000 | FLAT 1 NEWMAN COURT NORTH STREET |
14 Mar 2024 | £528,114 | £520,000 | 7 NORTH STREET |
4 Dec 2023 | £531,327 | £515,000 | 28 WEST STREET |
30 Nov 2023 | £461,720 | £450,000 | 47 WEST STREET |
20 Oct 2023 | £368,366 | £360,000 | FLAT 8 BROMLEY HOUSE COMPASS LANE |
This house has a floor area of 57 sq meters or 620 sq feet when measured on 1 Dec 2011. Using an estimated price of £438,870 means this house is valued at £7,608 per sq meter (£706 per sq foot).
The average size of a house on COMPASS LANE is 78 sq meters (846 sq feet).
This house is the smallest in the street with a floor area of 57 sq meters (620 sq feet).