£578,816
This estimated value is based upon the latest sale price for the house of £520,000 on 19 Mar 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Palace View, 131 Lambeth Road, London, SE1 7JN
Phone: 02077681152
| Price Paid | Date |
|---|---|
| £520,000 | 19 Mar 2021 |
| £549,950 | 15 Jun 2016 |
| £320,005 | 22 Nov 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 86 sq meters or 925 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 March 2021 the House Price Index for GREATER LONDON was 133.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.311%.Applying this 11.311% change to the original purchase price of £520,000 results in an estimated price of approximately £578,816.
| 19 Mar 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.5 | 148.6 | 11.311 % | £520,000 | £58,816 | £578,816 |
The Postcode Pricing Model uses changes in average sales price within the SE11 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 | -38.519 % | £-200,297 | £319,702 |
| 3 Month Average | -17.719 % | £-92,138 | £427,861 |
| 6 Month Average | -11.035 % | £-57,382 | £462,617 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Oct 2021 | £774,535 | £700,000 | 224 LAMBETH WALK |
| 25 Jun 2021 | £729,588 | £680,000 | 197 LAMBETH WALK |
| 19 Mar 2021 | £578,816 | £520,000 | 53 GIBSON ROAD |
| 10 Aug 2020 | £539,580 | £450,000 | FLAT 1 GROOME HOUSE, 16 BLACK PRINCE ROAD |
| 5 Aug 2020 | £495,214 | £413,000 | FLAT 58 LUPINO COURT, 140 LAMBETH WALK |
This house has a floor area of 86 sq meters or 925 sq feet when measured on 19 Oct 2016. Using an estimated price of £578,816 means this house is valued at £6,730 per sq meter (£625 per sq foot).
The average size of a house on GIBSON ROAD is 77 sq meters (830 sq feet).