£544,765
This estimated value is based upon the latest sale price for the house of £540,000 on 4 Aug 2023. 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 |
---|---|
£540,000 | 4 Aug 2023 |
£285,000 | 30 Jan 2014 |
Terraced |
Freehold |
Floor Area: 94 sq meters or 1,011 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 August 2023 the House Price Index for GREATER LONDON was 147.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.883%.Applying this 0.883% change to the original purchase price of £540,000 results in an estimated price of approximately £544,765.
4 Aug 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.3 | 148.6 | 0.883 % | £540,000 | £4,765 | £544,765 |
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 | 4.281 % | £23,119 | £563,119 |
3 Month Average | 7.843 % | £42,352 | £582,352 |
6 Month Average | -5.010 % | £-27,054 | £512,945 |
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 94 sq meters or 1,011 sq feet when measured on 25 Sep 2013. Using an estimated price of £544,766 means this house is valued at £5,795 per sq meter (£538 per sq foot).
The average size of a house on CENTRAL PARK ROAD is 98 sq meters (1,060 sq feet).