£434,948
This estimated value is based upon the latest sale price for the house of £350,000 on 14 Dec 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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405 Footscray Road, New Eltham, SE9 3UL
Phone: 02035514545
| Price Paid | Date |
|---|---|
| £350,000 | 14 Dec 2018 |
| £369,995 | 15 Feb 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 December 2018 the House Price Index for GREATER LONDON was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £350,000 results in an estimated price of approximately £434,948.
| 14 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £350,000 | £84,948 | £434,948 |
The Postcode Pricing Model uses changes in average sales price within the SE9 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 | -2.963 % | £-10,370 | £339,629 |
| 3 Month Average | 22.144 % | £77,505 | £427,505 |
| 6 Month Average | 15.107 % | £52,875 | £402,875 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £256,894 | £249,000 | 462 FOOTSCRAY ROAD |
| 29 Nov 2023 | £533,544 | £520,000 | 3 ELLIS CLOSE |
| 31 Mar 2023 | £508,492 | £500,000 | 15 AVERY HILL ROAD |
| 5 Aug 2022 | £251,174 | £250,000 | FLAT 1 423 FOOTSCRAY ROAD |
| 22 Jul 2022 | £242,429 | £240,000 | 19 QUILTERS PLACE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 30 Jul 2015. Using an estimated price of £434,949 means this house is valued at £6,213 per sq meter (£577 per sq foot).
The average size of a house on ELLIS CLOSE is 88 sq meters (948 sq feet).