£620,870
This estimated value is based upon the latest sale price for the house of £487,000 on 7 Jul 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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223 Barking Road, Newham, E6 1LB
Phone: 02080339367
Price Paid | Date |
---|---|
£487,000 | 7 Jul 2017 |
£155,000 | 28 Sep 2001 |
Terraced |
Freehold |
Floor Area: 113 sq meters or 1,216 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 2017 the House Price Index for GREATER LONDON was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £487,000 results in an estimated price of approximately £620,870.
7 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.6 | 148.6 | 27.489 % | £487,000 | £133,870 | £620,870 |
The Postcode Pricing Model uses changes in average sales price within the E6 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 | 22.702 % | £110,560 | £597,560 |
3 Month Average | 27.535 % | £134,095 | £621,095 |
6 Month Average | 12.990 % | £63,261 | £550,261 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Mar 2024 | £550,000 | £550,000 | 356 CENTRAL PARK ROAD |
4 Aug 2023 | £544,766 | £540,000 | 199 CENTRAL PARK ROAD |
3 Mar 2023 | £545,136 | £540,000 | 318 CENTRAL PARK ROAD |
10 Feb 2023 | £309,792 | £310,000 | 53A HOCKLEY AVENUE |
24 Oct 2022 | £609,438 | £616,000 | 300 CENTRAL PARK ROAD |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 17 Mar 2017. Using an estimated price of £620,871 means this house is valued at £5,494 per sq meter (£510 per sq foot).
The average size of a house on CENTRAL PARK ROAD is 98 sq meters (1,060 sq feet).