£295,105
This estimated value is based upon the latest sale price for the house of £172,000 on 17 Aug 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2-4 New King Street, London, SE8 3HS
Phone: 02080338661
| Price Paid | Date |
|---|---|
| £172,000 | 17 Aug 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 August 2012 the House Price Index for GREATER LONDON was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.573%.Applying this 71.573% change to the original purchase price of £172,000 results in an estimated price of approximately £295,105.
| 17 Aug 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 149.7 | 71.573 % | £172,000 | £123,105 | £295,105 |
The Postcode Pricing Model uses changes in average sales price within the SE8 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 | -18.251 % | £-31,392 | £140,607 |
| 3 Month Average | 50.795 % | £87,367 | £259,367 |
| 6 Month Average | 63.273 % | £108,830 | £280,830 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £170,000 | £170,000 | FLAT 16 PINTAIL COURT PILOT CLOSE |
| 18 Mar 2024 | £264,306 | £260,245 | FLAT 8 CHESTER HOUSE EVELYN STREET |
| 13 Jul 2022 | £338,391 | £335,000 | FLAT 20 LAUREL HOUSE ABINGER GROVE |
| 27 Jan 2022 | £259,749 | £245,000 | FLAT 7 RICKMAN HOUSE GROVE STREET |
| 30 Nov 2021 | £347,557 | £319,000 | FLAT 17 ASHFORD HOUSE STAUNTON STREET |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 21 Apr 2012. Using an estimated price of £295,106 means this house is valued at £4,837 per sq meter (£449 per sq foot).
The average size of a house on GROVE STREET is 69 sq meters (748 sq feet).