£1,010,070
This estimated value is based upon the latest sale price for the house of £999,950 on 1 Jul 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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62 Springbank Road, London, SE13 6SN
Phone: 02034782983
| Price Paid | Date |
|---|---|
| £999,950 | 1 Jul 2022 |
| £961,250 | 5 May 2017 |
| £501,000 | 26 Nov 2014 |
| Detached |
| Freehold |
| Floor Area: 150 sq meters or 1,614 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 2022 the House Price Index for GREATER LONDON was 148.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.012%.Applying this 1.012% change to the original purchase price of £999,950 results in an estimated price of approximately £1,010,070.
| 1 Jul 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 149.7 | 1.012 % | £999,950 | £10,120 | £1,010,070 |
The Postcode Pricing Model uses changes in average sales price within the SE13 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 | -23.626 % | £-236,244 | £763,705 |
| 3 Month Average | -17.965 % | £-179,645 | £820,304 |
| 6 Month Average | -6.249 % | £-62,491 | £937,458 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jun 2024 | £425,000 | £425,000 | FLAT 13 HOLMHURST, 21 BEACON ROAD |
| 30 Apr 2024 | £605,256 | £600,000 | 43 BEACON ROAD |
| 29 Sep 2023 | £378,340 | £370,000 | FLAT 1 HOLMHURST, 21 BEACON ROAD |
| 9 Mar 2023 | £521,713 | £513,000 | 85 BRIGHTSIDE ROAD |
| 26 Aug 2022 | £332,555 | £331,000 | 25 BILLINGHURST COURT, 78 - 82 NIGHTINGALE GROVE |
This house has a floor area of 150 sq meters or 1,614 sq feet when measured on 11 May 2016. Using an estimated price of £1,010,071 means this house is valued at £6,733 per sq meter (£625 per sq foot).
The average size of a house on ARDMERE ROAD is 104 sq meters (1,122 sq feet).
This house is the largest in the street with a floor area of 150 sq meters (1,614 sq feet).