£275,236
This estimated value is based upon the latest sale price for the house of £74,000 on 7 Jul 2000. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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24 Plumstead Common Road, Corner Of Herbert Road, Woolwich, SE18 3TN
Phone: 02036413117
| Price Paid | Date |
|---|---|
| £74,000 | 7 Jul 2000 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 2000 the House Price Index for GREATER LONDON was 40.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 271.941%.Applying this 271.941% change to the original purchase price of £74,000 results in an estimated price of approximately £275,236.
| 7 Jul 2000 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.0 | 148.6 | 271.941 % | £74,000 | £201,236 | £275,236 |
The Postcode Pricing Model uses changes in average sales price within the SE18 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 | 270.335 % | £200,048 | £274,048 |
| 3 Month Average | 307.284 % | £227,390 | £301,390 |
| 6 Month Average | 323.330 % | £239,264 | £313,264 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Mar 2024 | £715,000 | £715,000 | 2 ST MARGARETS GROVE |
| 3 Nov 2023 | £652,155 | £642,500 | 18 ST MARGARETS GROVE |
| 27 Jul 2023 | £233,138 | £230,000 | 250B BURRAGE ROAD |
| 7 Mar 2023 | £15,143 | £15,000 | 244 BURRAGE ROAD |
| 6 Mar 2023 | £328,091 | £325,000 | SECOND FLOOR FLAT 5 244 BURRAGE ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 16 Apr 2014. Using an estimated price of £275,236 means this house is valued at £2,928 per sq meter (£272 per sq foot).
The average size of a house on THE OAKS is 74 sq meters (803 sq feet).
This house is the largest in the street with a floor area of 94 sq meters (1,011 sq feet).