£631,242
This estimated value is based upon the latest sale price for the house of £550,000 on 20 Dec 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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189 Southwark Park Road, SE16 3TX
Phone: 02036411684
| Price Paid | Date |
|---|---|
| £550,000 | 20 Dec 2020 |
| £503,500 | 29 Aug 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 92 sq meters or 990 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 December 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £550,000 results in an estimated price of approximately £631,242.
| 20 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £550,000 | £81,242 | £631,242 |
The Postcode Pricing Model uses changes in average sales price within the SE16 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 | -8.171 % | £-44,941 | £505,058 |
| 3 Month Average | -4.002 % | £-22,013 | £527,986 |
| 6 Month Average | 1.463 % | £8,049 | £558,049 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £600,251 | £595,000 | 59 CHANCELLOR HOUSE, 395 ROTHERHITHE NEW ROAD |
| 1 Sep 2022 | £495,995 | £500,000 | 70 CHANCELLOR HOUSE, 395 ROTHERHITHE NEW ROAD |
| 26 Feb 2021 | £569,879 | £502,000 | 24 CHANCELLOR HOUSE, 395 ROTHERHITHE NEW ROAD |
| 15 Feb 2021 | £584,637 | £515,000 | 30 CHANCELLOR HOUSE, 395 ROTHERHITHE NEW ROAD |
| 20 Dec 2020 | £631,242 | £550,000 | 11 HEPBURN HOUSE, 5 VERNEY ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 8 Jun 2017. Using an estimated price of £631,242 means this house is valued at £6,861 per sq meter (£637 per sq foot).
The average size of a house on VERNEY ROAD is 88 sq meters (952 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Verney Way |
| Apr 2024 | Other theft | Under investigation | On or near Verney Way |
| Mar 2024 | Anti-social behaviour | On or near Verney Way | |
| Feb 2024 | Other theft | Under investigation | On or near Verney Way |
| Feb 2024 | Theft from the person | Under investigation | On or near Verney Way |