£870,545
This estimated value is based upon the latest sale price for the house of £500,000 on 4 Dec 2009. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2 Shad Thames, London, SE1 2YU
Phone: 02034783205
Price Paid | Date |
---|---|
£500,000 | 4 Dec 2009 |
Terraced |
Freehold |
Floor Area: 96 sq meters or 1,033 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 December 2009 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.109%.Applying this 74.109% change to the original purchase price of £500,000 results in an estimated price of approximately £870,545.
4 Dec 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.0 | 149.7 | 74.109 % | £500,000 | £370,545 | £870,545 |
The Postcode Pricing Model uses changes in average sales price within the SE1 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 | 79.572 % | £397,860 | £897,860 |
3 Month Average | 56.206 % | £281,030 | £781,030 |
6 Month Average | 68.360 % | £341,801 | £841,801 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Dec 2023 | £794,411 | £770,000 | 134 ABBEY STREET |
10 Feb 2023 | £704,707 | £700,000 | 49 NECKINGER COTTAGES NECKINGER |
20 Jan 2023 | £514,174 | £512,800 | FLAT 2 FLEECE HOUSE, 160 ABBEY STREET |
6 Oct 2022 | £1,285,706 | £1,290,000 | 51C GRANGE WALK |
27 Jun 2022 | £459,829 | £450,000 | FLAT 28 WHARTON HOUSE ST SAVIOURS ESTATE |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 21 Jul 2020. Using an estimated price of £870,545 means this house is valued at £9,068 per sq meter (£842 per sq foot).
The average size of a house on ABBEY STREET is 63 sq meters (684 sq feet).