£316,717
This estimated value is based upon the latest sale price for the house of £59,000 on 7 Nov 1996. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
1 Sherman Road, Bromley, BR1 3JH
Phone: 02036417285
| Price Paid | Date |
|---|---|
| £59,000 | 7 Nov 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 72 sq meters or 775 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 November 1996 the House Price Index for GREATER LONDON was 27.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 436.810%.Applying this 436.810% change to the original purchase price of £59,000 results in an estimated price of approximately £316,717.
| 7 Nov 1996 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.3 | 146.7 | 436.810 % | £59,000 | £257,717 | £316,717 |
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 | 646.443 % | £381,401 | £440,401 |
| 3 Month Average | 444.662 % | £262,350 | £321,350 |
| 6 Month Average | 386.204 % | £227,860 | £286,860 |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 5 Jun 2015.
The average size of a house on HOMEFIELD ROAD is 85 sq meters (915 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Drugs | Under investigation | On or near Homefield Road |
| Dec 2023 | Drugs | Investigation complete; no suspect identified | On or near Homefield Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Widmore Road |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Homefield Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Homefield Road |