£214,658
This estimated value is based upon the latest sale price for the house of £162,500 on 15 Dec 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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189 Southwark Park Road, SE16 3TX
Phone: 02036411684
Price Paid | Date |
---|---|
£162,500 | 15 Dec 2016 |
£36,500 | 7 Oct 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 57 sq meters or 613 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 December 2016 the House Price Index for GREATER LONDON was 113.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.097%.Applying this 32.097% change to the original purchase price of £162,500 results in an estimated price of approximately £214,658.
15 Dec 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.3 | 149.7 | 32.097 % | £162,500 | £52,158 | £214,658 |
The Postcode Pricing Model uses changes in average sales price within the SE16 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 | 27.600 % | £44,850 | £207,350 |
3 Month Average | 11.139 % | £18,100 | £180,600 |
6 Month Average | 9.391 % | £15,260 | £177,760 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £613,525 | £600,000 | 26 SHERWOOD GARDENS |
16 Aug 2023 | £300,418 | £295,000 | FLAT 2 BIRCHMERE LODGE, 31 SHERWOOD GARDENS |
21 Apr 2023 | £606,341 | £595,000 | 43 SHERWOOD GARDENS |
7 Mar 2023 | £170,345 | £167,500 | 30 WEALD CLOSE |
19 Oct 2022 | £449,499 | £451,000 | 89 STEVENSON CRESCENT |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 1 Aug 2016. Using an estimated price of £214,658 means this house is valued at £3,765 per sq meter (£349 per sq foot).
The average size of a house on STEVENSON CRESCENT is 64 sq meters (689 sq feet).