£486,524
This estimated value is based upon the latest sale price for the house of £325,000 on 9 Jan 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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10 Hermitage Lane, Norbury, London, SW16 3LH
Phone: 02081667246
| Price Paid | Date |
|---|---|
| £325,000 | 9 Jan 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 82 sq meters or 891 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 January 2015 the House Price Index for GREATER LONDON was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £325,000 results in an estimated price of approximately £486,524.
| 9 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 149.7 | 49.700 % | £325,000 | £161,524 | £486,524 |
The Postcode Pricing Model uses changes in average sales price within the SW16 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 | 14.072 % | £45,735 | £370,735 |
| 3 Month Average | 38.029 % | £123,593 | £448,593 |
| 6 Month Average | 36.708 % | £119,300 | £444,300 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Apr 2024 | £1,099,549 | £1,090,000 | 67 BALDRY GARDENS |
| 12 Apr 2024 | £1,603,929 | £1,590,000 | 21 COPLEY PARK |
| 4 Mar 2024 | £1,079,079 | £1,062,500 | 68 BRAXTED PARK |
| 5 Oct 2023 | £1,412,071 | £1,380,000 | 53 BRAXTED PARK |
| 15 Aug 2023 | £2,240,408 | £2,200,000 | 23 COPLEY PARK |
This house has a floor area of 82 sq meters or 891 sq feet when measured on 15 Oct 2008. Using an estimated price of £486,525 means this house is valued at £5,874 per sq meter (£545 per sq foot).
The average size of a house on COPLEY PARK is 191 sq meters (2,056 sq feet).