£317,283
This estimated value is based upon the latest sale price for the house of £185,000 on 24 Feb 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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24 Plumstead Common Road, Corner Of Herbert Road, Woolwich, SE18 3TN
Phone: 02036413117
| Price Paid | Date |
|---|---|
| £185,000 | 24 Feb 2012 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 814 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 2012 the House Price Index for GREATER LONDON was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.505%.Applying this 71.505% change to the original purchase price of £185,000 results in an estimated price of approximately £317,283.
| 24 Feb 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.505 % | £185,000 | £132,283 | £317,283 |
The Postcode Pricing Model uses changes in average sales price within the SE18 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 | 74.663 % | £138,126 | £323,126 |
| 3 Month Average | 89.520 % | £165,611 | £350,611 |
| 6 Month Average | 97.406 % | £180,201 | £365,201 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £365,410 | £360,000 | 3 SANDY HILL AVENUE |
| 29 Sep 2023 | £354,533 | £350,000 | 181 SANDY HILL ROAD |
| 3 Mar 2023 | £328,091 | £325,000 | 17A ELMDENE ROAD |
| 30 Mar 2022 | £426,940 | £412,000 | 10 BIGNELL ROAD |
| 11 Mar 2022 | £203,626 | £196,500 | FLAT 4 ELMDENE COURT, 23 ELMDENE ROAD |
This house has a floor area of 75 sq meters or 814 sq feet when measured on 5 Aug 2010. Using an estimated price of £317,283 means this house is valued at £4,191 per sq meter (£389 per sq foot).
There is one other house on the street which we know the size of, this is 12 SANDY HILL AVENUE it is 63.06