£705,433
This estimated value is based upon the latest sale price for the house of £489,950 on 20 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 |
|---|---|
| £489,950 | 20 Aug 2015 |
| £222,280 | 7 Apr 2004 |
| £78,500 | 20 Aug 1997 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 £489,950 results in an estimated price of approximately £705,433.
| 20 Aug 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 149.7 | 43.981 % | £489,950 | £215,483 | £705,433 |
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 % | £31,908 | £521,858 |
| 3 Month Average | 16.911 % | £82,854 | £572,804 |
| 6 Month Average | 26.334 % | £129,022 | £618,972 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Apr 2024 | £605,256 | £600,000 | 43 BEACON 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 |
| 26 Aug 2022 | £332,555 | £331,000 | 25 BILLINGHURST COURT, 78 - 82 NIGHTINGALE GROVE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 13 Mar 2013. Using an estimated price of £705,434 means this house is valued at £9,161 per sq meter (£851 per sq foot).
The average size of a house on BEACON ROAD is 89 sq meters (964 sq feet).