£1,567,473
This estimated value is based upon the latest sale price for the house of £1,267,500 on 3 Apr 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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7 Thorndale, Lubbock Road, Chislehurst, BR7 5JN
Phone: 02080336542
Price Paid | Date |
---|---|
£1,267,500 | 3 Apr 2020 |
£1,250,000 | 1 Mar 2019 |
£630,000 | 18 Sep 2015 |
Detached |
Freehold |
Floor Area: 209 sq meters or 2,249 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 April 2020 the House Price Index for GREATER LONDON was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.667%.Applying this 23.667% change to the original purchase price of £1,267,500 results in an estimated price of approximately £1,567,473.
3 Apr 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.1 | 149.7 | 23.667 % | £1,267,500 | £299,973 | £1,567,473 |
The Postcode Pricing Model uses changes in average sales price within the BR7 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 | -41.369 % | £-524,351 | £743,148 |
3 Month Average | -13.577 % | £-172,083 | £1,095,416 |
6 Month Average | -8.531 % | £-108,126 | £1,159,373 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Sep 2023 | £541,947 | £530,000 | 51 DOWNS AVENUE |
15 Sep 2023 | £470,369 | £460,000 | 121 ELMSTEAD LANE |
22 Aug 2023 | £857,974 | £842,500 | 2 OLD MANOR WAY |
18 Aug 2023 | £442,990 | £435,000 | 283 BEACONSFIELD ROAD |
23 Feb 2023 | £1,157,734 | £1,150,000 | 88 WALDEN ROAD |
This house has a floor area of 209 sq meters or 2,249 sq feet when measured on 14 Jun 2018. Using an estimated price of £1,567,474 means this house is valued at £7,499 per sq meter (£696 per sq foot).
The average size of a house on ELMSTEAD LANE is 122 sq meters (1,314 sq feet).