£583,542
This estimated value is based upon the latest sale price for the house of £368,000 on 7 Mar 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2 Shad Thames, London, SE1 2YU
Phone: 02034783205
| Price Paid | Date |
|---|---|
| £368,000 | 7 Mar 2014 |
| £250,000 | 1 Jul 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 563 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 March 2014 the House Price Index for GREATER LONDON was 94.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.571%.Applying this 58.571% change to the original purchase price of £368,000 results in an estimated price of approximately £583,542.
| 7 Mar 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 149.7 | 58.571 % | £368,000 | £215,542 | £583,542 |
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 | 53.080 % | £195,334 | £563,334 |
| 3 Month Average | 29.754 % | £109,495 | £477,495 |
| 6 Month Average | 36.104 % | £132,861 | £500,861 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £579,716 | £565,000 | 22 WEIGHTMAN HOUSE, 124A SPA ROAD |
| 3 Nov 2023 | £567,506 | £553,100 | 28 WEIGHTMAN HOUSE, 124A SPA ROAD |
| 1 Sep 2023 | £599,209 | £586,000 | 24 SANDOVER HOUSE, 124 SPA ROAD |
| 1 Nov 2022 | £427,999 | £430,000 | 10 WEIGHTMAN HOUSE, 124A SPA ROAD |
| 24 Oct 2022 | £590,029 | £592,000 | 9 WEIGHTMAN HOUSE, 124A SPA ROAD |
This house has a floor area of 52 sq meters or 563 sq feet when measured on 8 Mar 2011. Using an estimated price of £583,543 means this house is valued at £11,138 per sq meter (£1,034 per sq foot).
The average size of a house on SPA ROAD is 68 sq meters (736 sq feet).