£316,423
This estimated value is based upon the latest sale price for the house of £185,000 on 31 Oct 2012. 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 |
---|---|
£185,000 | 31 Oct 2012 |
£63,000 | 1 Apr 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 64 sq meters or 688 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 October 2012 the House Price Index for GREATER LONDON was 87.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.040%.Applying this 71.040% change to the original purchase price of £185,000 results in an estimated price of approximately £316,423.
31 Oct 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.5 | 149.7 | 71.040 % | £185,000 | £131,423 | £316,423 |
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 | 91.478 % | £169,235 | £354,235 |
3 Month Average | 100.954 % | £186,765 | £371,765 |
6 Month Average | 84.159 % | £155,694 | £340,694 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
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 |
13 Mar 2023 | £559,341 | £550,000 | 66 BRAXTED PARK |
25 Aug 2022 | £688,218 | £685,000 | 47 FONTAINE ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 11 Nov 2014. Using an estimated price of £316,423 means this house is valued at £4,944 per sq meter (£459 per sq foot).
The average size of a house on BRAXTED PARK is 159 sq meters (1,721 sq feet).