£514,256
This estimated value is based upon the latest sale price for the house of £350,000 on 10 Apr 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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243 Lower Road, Surrey Quays, SE16 2LW
Phone: 02034783204
| Price Paid | Date |
|---|---|
| £350,000 | 10 Apr 2015 |
| 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 April 2015 the House Price Index for GREATER LONDON was 101.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 46.930%.Applying this 46.930% change to the original purchase price of £350,000 results in an estimated price of approximately £514,256.
| 10 Apr 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.1 | 148.6 | 46.930 % | £350,000 | £164,256 | £514,256 |
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 | 34.092 % | £119,321 | £469,321 |
| 3 Month Average | 11.148 % | £39,017 | £389,017 |
| 6 Month Average | 10.459 % | £36,606 | £386,606 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £265,000 | £265,000 | FLAT 8 FULMAR HOUSE, 5 TAWNY WAY |
| 4 Mar 2024 | £232,000 | £232,000 | FLAT 13 FULMAR HOUSE, 5 TAWNY WAY |
| 20 Sep 2023 | £359,598 | £355,000 | FLAT 7 ELBOURNE COURT WORGAN STREET |
| 10 Mar 2023 | £333,139 | £330,000 | FLAT 17 DUNLIN HOUSE, 2 TAWNY WAY |
| 3 Mar 2023 | £320,015 | £317,000 | 189 LOWER ROAD |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 6 Nov 2014. Using an estimated price of £514,256 means this house is valued at £5,979 per sq meter (£555 per sq foot).
The average size of a house on TAWNY WAY is 83 sq meters (897 sq feet).