£510,208
This estimated value is based upon the latest sale price for the house of £410,000 on 1 Feb 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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229 Gipsy Road, London, SE27 9QY
Phone: 02036413997
Price Paid | Date |
---|---|
£410,000 | 1 Feb 2019 |
£250,000 | 1 May 2009 |
£112,000 | 1 Jun 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 81 sq meters or 871 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 February 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £410,000 results in an estimated price of approximately £510,208.
1 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 149.7 | 24.441 % | £410,000 | £100,208 | £510,208 |
The Postcode Pricing Model uses changes in average sales price within the SE19 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 | 4.915 % | £20,149 | £430,149 |
3 Month Average | 3.224 % | £13,219 | £423,219 |
6 Month Average | 16.804 % | £68,897 | £478,897 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 May 2024 | £565,000 | £565,000 | 22 LYALL AVENUE |
8 Mar 2024 | £1,381,221 | £1,360,000 | 17 HITHERWOOD DRIVE |
13 Dec 2023 | £397,205 | £385,000 | 23 SEELEY DRIVE |
14 Jun 2022 | £275,898 | £270,000 | 48 SEELEY DRIVE |
7 Jan 2022 | £1,357,054 | £1,280,000 | 20 HITHERWOOD DRIVE |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 15 Jun 2018. Using an estimated price of £510,209 means this house is valued at £6,298 per sq meter (£585 per sq foot).
The average size of a house on HITHERWOOD DRIVE is 133 sq meters (1,440 sq feet).