This estimated value is based upon the latest sale price for the house of £4,000,000 on 28 Sep 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£4,000,000||28 Sep 2018|
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 September 2018 the House Price Index for GREATER LONDON was 123.8.The House Price Index as of 1 Jun 2019 is 120.5 which is a change of -2.646%.
Applying this -2.646% change to the original purchase price of £4,000,000 gives us an estimated price now of around £3,894,170.
|28 Sep 2018||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the SW1X 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||1.370 %||£54,810||£4,054,810|
|3 Month Average||-50.907 %||£-2,036,275||£1,963,724|
|6 Month Average||-15.740 %||£-629,608||£3,370,391|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In September 2018 the average sale price for the 50 nearest sales within a mile of WELLINGTON COURT, 116 FLAT 3 KNIGHTSBRIDGE was £1,894,352.
In December 2019 the average sale price for the 50 nearest sales was £1,755,614. This is a change of -7.324%.
So taking the original purchase price of £4,000,000 and adjusting it by -7.324% gives an estimated price of £3,707,049.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 28 Sep 2018||Average price on 26 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|2 May 2019||£5,646,921||£5,600,000||FLAT 1 ALBERT GATE COURT, 124 KNIGHTSBRIDGE|
|2 Apr 2019||£1,604,563||£1,600,000||FLAT 19B WELLINGTON COURT, 116 KNIGHTSBRIDGE|
|11 Feb 2019||£619,032||£625,000||FLAT 9 ALBERT GATE COURT, 124 KNIGHTSBRIDGE|
|28 Sep 2018||£3,894,171||£4,000,000||FLAT 3 WELLINGTON COURT, 116 KNIGHTSBRIDGE|
|24 Aug 2018||£1,166,218||£1,200,000||42 PARK MANSIONS KNIGHTSBRIDGE|