£523,832
This estimated value is based upon the latest sale price for the house of £425,000 on 11 Feb 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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119 Burnt Ash Road, Lee, SE12 8RA
Phone: 02081281674
Price Paid | Date |
---|---|
£425,000 | 11 Feb 2020 |
Terraced |
Leasehold |
Floor Area: 89 sq meters or 957 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 February 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 23.255%.Applying this 23.255% change to the original purchase price of £425,000 results in an estimated price of approximately £523,832.
11 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.5 | 149.7 | 23.255 % | £425,000 | £98,832 | £523,832 |
The Postcode Pricing Model uses changes in average sales price within the SE12 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 | 46.958 % | £199,571 | £624,571 |
3 Month Average | 22.392 % | £95,165 | £520,165 |
6 Month Average | 14.408 % | £61,232 | £486,232 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £519,989 | £512,000 | 46 CARSTON CLOSE |
21 Apr 2023 | £647,103 | £635,000 | 52 CARSTON CLOSE |
21 Mar 2023 | £422,048 | £415,000 | 44 LEYLAND ROAD |
9 Jan 2023 | £330,884 | £330,000 | 113 CARSTON CLOSE |
13 Oct 2022 | £593,019 | £595,000 | 36 CARSTON CLOSE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 7 Oct 2019. Using an estimated price of £523,832 means this house is valued at £5,885 per sq meter (£546 per sq foot).
The average size of a house on CARSTON CLOSE is 77 sq meters (834 sq feet).