£548,111
This estimated value is based upon the latest sale price for the house of £298,500 on 31 Jul 2009. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
189 Southwark Park Road, SE16 3TX
Phone: 02036411684
Price Paid | Date |
---|---|
£298,500 | 31 Jul 2009 |
Flats/Maisonettes |
Leasehold |
Floor Area: 66 sq meters or 710 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 2009 the House Price Index for GREATER LONDON was 81.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 83.622%.Applying this 83.622% change to the original purchase price of £298,500 results in an estimated price of approximately £548,111.
31 Jul 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
81.5 | 149.7 | 83.622 % | £298,500 | £249,611 | £548,111 |
The Postcode Pricing Model uses changes in average sales price within the SE16 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 | 127.040 % | £379,214 | £677,714 |
3 Month Average | 80.871 % | £241,399 | £539,899 |
6 Month Average | 81.575 % | £243,502 | £542,002 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 Mar 2024 | £127,966 | £126,000 | 56 PROSPECT HOUSE SUN PASSAGE |
13 Nov 2023 | £112,865 | £110,000 | 1 HICKS HOUSE FREAN STREET |
20 Oct 2023 | £409,296 | £400,000 | 74 PROSPECT HOUSE SUN PASSAGE |
30 Jun 2023 | £586,759 | £575,000 | 90 PROSPECT HOUSE SUN PASSAGE |
29 Jun 2023 | £632,679 | £620,000 | 12 PROSPECT HOUSE FREAN STREET |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 21 Jan 2019. Using an estimated price of £548,112 means this house is valued at £8,304 per sq meter (£771 per sq foot).
The average size of a house on FREAN STREET is 58 sq meters (631 sq feet).