£1,255,416
This estimated value is based upon the latest sale price for the house of £940,000 on 24 Jun 2016. 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 |
---|---|
£940,000 | 24 Jun 2016 |
£375,000 | 20 May 2005 |
Detached |
Freehold |
Floor Area: 154 sq meters or 1,657 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 2016 the House Price Index for GREATER LONDON was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £940,000 results in an estimated price of approximately £1,255,416.
24 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.3 | 148.6 | 33.555 % | £940,000 | £315,416 | £1,255,416 |
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 | 13.226 % | £124,323 | £1,064,323 |
3 Month Average | 21.044 % | £197,810 | £1,137,810 |
6 Month Average | 6.471 % | £60,830 | £1,000,830 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Jul 2023 | £937,619 | £925,000 | 8 GROVE VALE |
6 May 2022 | £2,344,170 | £2,300,000 | WHITE OAK NURSING HOME SELBY CLOSE |
11 Apr 2022 | £360,430 | £350,000 | FLAT 3 AYDON HOUSE, 103 WARATAH DRIVE |
4 Apr 2022 | £926,819 | £900,000 | 11 GROVE VALE |
4 Apr 2022 | £1,266,653 | £1,230,000 | 27 SELBY CLOSE |
This house has a floor area of 154 sq meters or 1,657 sq feet when measured on 9 Oct 2014. Using an estimated price of £1,255,417 means this house is valued at £8,152 per sq meter (£757 per sq foot).
The average size of a house on GROVE VALE is 154 sq meters (1,663 sq feet).