£1,111,051
This estimated value is based upon the latest sale price for the house of £249,000 on 21 May 1999. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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157 New Cross Road, New Cross, SE14 5DG
Phone: 02081154572
| Price Paid | Date |
|---|---|
| £249,000 | 21 May 1999 |
| Terraced |
| Freehold |
| Floor Area: 157 sq meters or 1,696 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 May 1999 the House Price Index for GREATER LONDON was 33.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 346.205%.Applying this 346.205% change to the original purchase price of £249,000 results in an estimated price of approximately £1,111,051.
| 21 May 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.5 | 149.7 | 346.205 % | £249,000 | £862,051 | £1,111,051 |
The Postcode Pricing Model uses changes in average sales price within the SE14 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 | 531.272 % | £1,322,866 | £1,571,866 |
| 3 Month Average | 447.844 % | £1,115,131 | £1,364,131 |
| 6 Month Average | 415.752 % | £1,035,222 | £1,284,222 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2023 | £1,017 | £1,000 | 93 WALLER ROAD |
| 12 Jan 2023 | £653,747 | £652,000 | 92 WALLER ROAD |
| 26 Aug 2022 | £338,081 | £336,500 | 30C ERLANGER ROAD |
| 14 Jun 2022 | £710,181 | £695,000 | 89A ERLANGER ROAD |
| 13 May 2022 | £431,235 | £420,000 | FLAT B 90 ERLANGER ROAD |
This house has a floor area of 157 sq meters or 1,696 sq feet when measured on 7 Apr 2009. Using an estimated price of £1,111,051 means this house is valued at £7,051 per sq meter (£655 per sq foot).
The average size of a house on ERLANGER ROAD is 137 sq meters (1,480 sq feet).