£408,214
This estimated value is based upon the latest sale price for the house of £335,000 on 27 Feb 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 London Road, Forest Hill, London, SE23 3PH
Phone: 02034783484
| Price Paid | Date |
|---|---|
| £335,000 | 27 Feb 2020 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 57 sq meters or 613 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 February 2020 the House Price Index for GREATER LONDON was 121.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 21.855%.Applying this 21.855% change to the original purchase price of £335,000 results in an estimated price of approximately £408,214.
| 27 Feb 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 148.0 | 21.855 % | £335,000 | £73,214 | £408,214 |
The Postcode Pricing Model uses changes in average sales price within the SE22 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 | -15.294 % | £-51,236 | £283,763 |
| 3 Month Average | 5.677 % | £19,017 | £354,017 |
| 6 Month Average | 16.233 % | £54,380 | £389,380 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Dec 2023 | £741,019 | £727,000 | 162 OVERHILL ROAD |
| 6 Apr 2023 | £272,022 | £270,000 | FLAT 6 LEVANDE, 479 LORDSHIP LANE |
| 24 Feb 2023 | £261,264 | £262,500 | FLAT 7 LEVANDE, 479 LORDSHIP LANE |
| 8 Feb 2023 | £260,169 | £261,400 | FLAT C 501 LORDSHIP LANE |
| 12 Jan 2023 | £446,082 | £450,000 | 47B BELVOIR ROAD |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 23 May 2018. Using an estimated price of £408,214 means this house is valued at £7,161 per sq meter (£665 per sq foot).
The average size of a house on LORDSHIP LANE is 78 sq meters (842 sq feet).