£622,003
This estimated value is based upon the latest sale price for the house of £500,000 on 28 Sep 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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344 Garratt Lane, Wandsworth, London, SW18 4EL
Phone: 02036414088
Price Paid | Date |
---|---|
£500,000 | 28 Sep 2018 |
£248,500 | 16 Mar 2005 |
Flats/Maisonettes |
Leasehold |
Floor Area: 64 sq meters or 691 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 September 2018 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £500,000 results in an estimated price of approximately £622,003.
28 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 149.7 | 24.401 % | £500,000 | £122,003 | £622,003 |
The Postcode Pricing Model uses changes in average sales price within the SW18 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 | 42.734 % | £213,671 | £713,671 |
3 Month Average | 17.199 % | £85,993 | £585,993 |
6 Month Average | 19.947 % | £99,734 | £599,734 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Nov 2023 | £821,349 | £800,500 | 6A CARGILL ROAD |
17 Nov 2023 | £651,539 | £635,000 | 28 CARGILL ROAD |
20 Sep 2023 | £1,319,078 | £1,290,000 | 40 ALGARVE ROAD |
1 Aug 2022 | £294,376 | £293,000 | 40 WILLOW TREE CLOSE |
20 Jun 2022 | £1,226,212 | £1,200,000 | 15 CARGILL ROAD |
This house has a floor area of 64 sq meters or 691 sq feet when measured on 9 Jan 2012. Using an estimated price of £622,003 means this house is valued at £9,683 per sq meter (£899 per sq foot).
The average size of a house on CARGILL ROAD is 78 sq meters (843 sq feet).