£148,192
This estimated value is based upon the latest sale price for the house of £43,750 on 18 Jul 2001. 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 |
|---|---|
| £43,750 | 18 Jul 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 28 sq meters or 301 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 July 2001 the House Price Index for GREATER LONDON was 44.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 238.726%.Applying this 238.726% change to the original purchase price of £43,750 results in an estimated price of approximately £148,192.
| 18 Jul 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 149.7 | 238.726 % | £43,750 | £104,442 | £148,192 |
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 | 249.720 % | £109,252 | £153,002 |
| 3 Month Average | 284.437 % | £124,441 | £168,191 |
| 6 Month Average | 279.744 % | £122,387 | £166,137 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Apr 2024 | £1,603,929 | £1,590,000 | 21 COPLEY PARK |
| 4 Mar 2024 | £1,079,079 | £1,062,500 | 68 BRAXTED PARK |
| 20 Dec 2023 | £887,264 | £860,000 | 19 HEYBRIDGE AVENUE |
| 5 Oct 2023 | £1,412,071 | £1,380,000 | 53 BRAXTED PARK |
| 19 Apr 2023 | £458,577 | £450,000 | FLAT 2 16 COPLEY PARK |
This house has a floor area of 28 sq meters or 301 sq feet when measured on 21 May 2019. Using an estimated price of £148,193 means this house is valued at £5,292 per sq meter (£491 per sq foot).
The average size of a house on BRAXTED PARK is 159 sq meters (1,721 sq feet).