£338,414
This estimated value is based upon the latest sale price for the house of £198,000 on 8 Mar 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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14 Major Draper Street, Royal Arsenal, London, SE18 6GD
Phone: 02036414934
| Price Paid | Date |
|---|---|
| £198,000 | 8 Mar 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 44 sq meters or 473 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 March 2012 the House Price Index for GREATER LONDON was 86.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.916%.Applying this 70.916% change to the original purchase price of £198,000 results in an estimated price of approximately £338,414.
| 8 Mar 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.9 | 148.6 | 70.916 % | £198,000 | £140,414 | £338,414 |
The Postcode Pricing Model uses changes in average sales price within the SE18 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 | 45.898 % | £90,878 | £288,878 |
| 3 Month Average | 85.635 % | £169,556 | £367,556 |
| 6 Month Average | 81.921 % | £162,203 | £360,203 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Mar 2023 | £487,594 | £483,000 | FLAT 223 WAREHOUSE COURT MAJOR DRAPER STREET |
| 6 Jan 2023 | £333,429 | £335,000 | FLAT 235 WAREHOUSE COURT MAJOR DRAPER STREET |
| 3 Aug 2022 | £446,797 | £448,000 | FLAT 127 WAREHOUSE COURT NO 1 STREET |
| 5 Nov 2021 | £529,942 | £490,000 | FLAT 4 WAREHOUSE COURT NO 1 STREET |
| 4 Dec 2020 | £382,189 | £333,000 | FLAT 112 WAREHOUSE COURT NO 1 STREET |
This house has a floor area of 44 sq meters or 473 sq feet when measured on 18 Nov 2011. Using an estimated price of £338,414 means this house is valued at £7,691 per sq meter (£714 per sq foot).
The average size of a house on NO 1 STREET is 60 sq meters (651 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Major Draper Street | |
| Jan 2024 | Anti-social behaviour | On or near Major Draper Street | |
| Jan 2024 | Anti-social behaviour | On or near Major Draper Street | |
| Jan 2024 | Anti-social behaviour | On or near Major Draper Street | |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Major Draper Street |