£590,320
This estimated value is based upon the latest sale price for the house of £410,000 on 12 Aug 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £410,000 | 12 Aug 2015 |
| Terraced |
| Freehold |
| Floor Area: 99 sq meters or 1,073 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 August 2015 the House Price Index for GREATER LONDON was 104.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 43.981%.Applying this 43.981% change to the original purchase price of £410,000 results in an estimated price of approximately £590,320.
| 12 Aug 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 149.7 | 43.981 % | £410,000 | £180,320 | £590,320 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | 6.513 % | £26,702 | £436,702 |
| 3 Month Average | 16.911 % | £69,334 | £479,334 |
| 6 Month Average | 26.334 % | £107,968 | £517,968 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Dec 2023 | £660,289 | £640,000 | 32 BRIGHTSIDE ROAD |
| 24 Nov 2023 | £672,060 | £655,000 | 41 NIGHTINGALE GROVE |
| 9 Mar 2023 | £521,713 | £513,000 | 85 BRIGHTSIDE ROAD |
| 3 Mar 2023 | £349,334 | £343,500 | 22 MALLET ROAD |
| 14 Feb 2023 | £362,924 | £360,500 | 63 NIGHTINGALE GROVE |
This house has a floor area of 99 sq meters or 1,073 sq feet when measured on 5 Jan 2009. Using an estimated price of £590,321 means this house is valued at £5,920 per sq meter (£550 per sq foot).
The average size of a house on ARDMERE ROAD is 104 sq meters (1,122 sq feet).