£296,968
This estimated value is based upon the latest sale price for the house of £241,000 on 29 May 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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229 Gipsy Road, London, SE27 9QY
Phone: 02036413997
Price Paid | Date |
---|---|
£241,000 | 29 May 2020 |
£215,000 | 12 Jun 2015 |
£125,000 | 7 Oct 2011 |
Flats/Maisonettes |
Leasehold |
Floor Area: 50 sq meters or 539 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 May 2020 the House Price Index for GREATER LONDON was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.224%.Applying this 23.224% change to the original purchase price of £241,000 results in an estimated price of approximately £296,968.
29 May 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 149.7 | 23.224 % | £241,000 | £55,968 | £296,968 |
The Postcode Pricing Model uses changes in average sales price within the SE21 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 | -28.874 % | £-69,585 | £171,414 |
3 Month Average | -32.350 % | £-77,963 | £163,036 |
6 Month Average | -24.794 % | £-59,752 | £181,247 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Mar 2024 | £1,117,164 | £1,100,000 | 18 ROUSE GARDENS |
18 Dec 2023 | £807,823 | £783,000 | 25 ROUSE GARDENS |
9 Aug 2023 | £1,247,500 | £1,225,000 | 12 ROUSE GARDENS |
7 Aug 2023 | £226,078 | £222,000 | FLAT 4 ERNEST COURT, 122 BOWEN DRIVE |
9 Jun 2023 | £954,121 | £935,000 | 39 LITTLE BORNES |
This house has a floor area of 50 sq meters or 539 sq feet when measured on 2 Feb 2011. Using an estimated price of £296,969 means this house is valued at £5,921 per sq meter (£550 per sq foot).
The average size of a house on BOWEN DRIVE is 90 sq meters (974 sq feet).
This house is the smallest in the street with a floor area of 50 sq meters (539 sq feet).