£794,726
This estimated value is based upon the latest sale price for the house of £140,000 on 8 Jun 1995. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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157 New Cross Road, New Cross, SE14 5DG
Phone: 02081154572
Price Paid | Date |
---|---|
£140,000 | 8 Jun 1995 |
Terraced |
Freehold |
Floor Area: 188 sq meters or 2,023 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 June 1995 the House Price Index for GREATER LONDON was 26.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 467.662%.Applying this 467.662% change to the original purchase price of £140,000 results in an estimated price of approximately £794,726.
8 Jun 1995 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.4 | 149.7 | 467.662 % | £140,000 | £654,726 | £794,726 |
The Postcode Pricing Model uses changes in average sales price within the SE14 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 | 773.134 % | £1,082,388 | £1,222,388 |
3 Month Average | 586.555 % | £821,176 | £961,176 |
6 Month Average | 494.370 % | £692,118 | £832,118 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Apr 2024 | £1,614,016 | £1,600,000 | 20 PEPYS ROAD |
11 Oct 2023 | £434,877 | £425,000 | 24D PEPYS ROAD |
14 Aug 2023 | £1,481,724 | £1,455,000 | 56 PEPYS ROAD |
26 Aug 2022 | £338,081 | £336,500 | 30C ERLANGER ROAD |
13 May 2022 | £431,235 | £420,000 | FLAT B 90 ERLANGER ROAD |
This house has a floor area of 188 sq meters or 2,023 sq feet when measured on 17 Jul 2017. Using an estimated price of £794,727 means this house is valued at £4,227 per sq meter (£392 per sq foot).
The average size of a house on ERLANGER ROAD is 137 sq meters (1,480 sq feet).