£395,489
This estimated value is based upon the latest sale price for the house of £76,000 on 15 May 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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56 Portland Road, London, SE25 4PQ
Phone: 02077680594
| Price Paid | Date |
|---|---|
| £76,000 | 15 May 1997 |
| Terraced |
| Freehold |
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 May 1997 the House Price Index for GREATER LONDON was 28.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 420.381%.Applying this 420.381% change to the original purchase price of £76,000 results in an estimated price of approximately £395,489.
| 15 May 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.8 | 149.7 | 420.381 % | £76,000 | £319,489 | £395,489 |
The Postcode Pricing Model uses changes in average sales price within the SE25 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 | 455.095 % | £345,872 | £421,872 |
| 3 Month Average | 349.091 % | £265,308 | £341,308 |
| 6 Month Average | 352.291 % | £267,741 | £343,741 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £475,615 | £461,000 | 91 CROWTHER ROAD |
| 29 Nov 2023 | £386,819 | £377,000 | 49 BIRCHANGER ROAD |
| 2 Oct 2023 | £409,296 | £400,000 | 57 CROWTHER ROAD |
| 18 Sep 2023 | £403,904 | £395,000 | GROUND FLOOR FLAT 66 ENMORE ROAD |
| 14 Apr 2023 | £458,577 | £450,000 | 12 ELBOROUGH ROAD |