£1,147,713
This estimated value is based upon the latest sale price for the house of £1,000,000 on 14 Dec 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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7 Thorndale, Lubbock Road, Chislehurst, BR7 5JN
Phone: 02080336542
| Price Paid | Date |
|---|---|
| £1,000,000 | 14 Dec 2020 |
| Detached |
| Freehold |
| Floor Area: 191 sq meters or 2,055 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 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £1,000,000 results in an estimated price of approximately £1,147,713.
| 14 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £1,000,000 | £147,713 | £1,147,713 |
The Postcode Pricing Model uses changes in average sales price within the BR7 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 | -13.697 % | £-136,973 | £863,026 |
| 3 Month Average | 13.337 % | £133,373 | £1,133,373 |
| 6 Month Average | 2.736 % | £27,360 | £1,027,360 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Jun 2023 | £536,499 | £530,000 | 58 WARATAH DRIVE |
| 14 Apr 2023 | £1,508,240 | £1,492,000 | 21 ELMLEE CLOSE |
| 18 Aug 2022 | £569,467 | £571,000 | 70 WARATAH DRIVE |
| 14 Jul 2022 | £546,471 | £545,000 | 34 WARATAH DRIVE |
| 13 Jul 2022 | £1,092,942 | £1,090,000 | 16 ELMLEE CLOSE |
This house has a floor area of 191 sq meters or 2,055 sq feet when measured on 22 Aug 2019. Using an estimated price of £1,147,713 means this house is valued at £6,008 per sq meter (£558 per sq foot).
The average size of a house on THE WEALD is 163 sq meters (1,754 sq feet).
This house is the largest in the street with a floor area of 191 sq meters (2,055 sq feet).