£251,237
This estimated value is based upon the latest sale price for the house of £45,000 on 24 Feb 1995. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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187c Southborough Lane, Bromley, BR2 8AR
Phone: 02030074690
| Price Paid | Date |
|---|---|
| £45,000 | 24 Feb 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 41 sq meters or 441 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 February 1995 the House Price Index for GREATER LONDON was 26.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 458.306%.Applying this 458.306% change to the original purchase price of £45,000 results in an estimated price of approximately £251,237.
| 24 Feb 1995 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.6 | 148.6 | 458.306 % | £45,000 | £206,237 | £251,237 |
The Postcode Pricing Model uses changes in average sales price within the BR2 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 | 787.486 % | £354,368 | £399,368 |
| 3 Month Average | 455.932 % | £205,169 | £250,169 |
| 6 Month Average | 436.611 % | £196,474 | £241,474 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2021 | £346,084 | £320,000 | 174 MAGPIE HALL LANE |
| 21 Aug 2020 | £347,729 | £290,000 | 155 TURPINGTON LANE |
| 19 Aug 2020 | £311,757 | £260,000 | 25 TURPINGTON CLOSE |
| 6 Dec 2019 | £294,423 | £240,000 | 21 TURPINGTON CLOSE |
| 30 Aug 2019 | £307,641 | £250,000 | 78 TURPINGTON LANE |
This house has a floor area of 41 sq meters or 441 sq feet when measured on 10 Aug 2012. Using an estimated price of £251,238 means this house is valued at £6,127 per sq meter (£569 per sq foot).
The average size of a house on COBHAM CLOSE is 83 sq meters (899 sq feet).
This house is the smallest in the street with a floor area of 41 sq meters (441 sq feet).