£409,065
This estimated value is based upon the latest sale price for the house of £203,000 on 14 May 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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534 Chigwell Road, Woodford Green, IG8 8PA
Phone: 02036414329
| Price Paid | Date |
|---|---|
| £203,000 | 14 May 2004 |
| £90,000 | 28 Nov 1997 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 May 2004 the House Price Index for GREATER LONDON was 73.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 101.510%.Applying this 101.510% change to the original purchase price of £203,000 results in an estimated price of approximately £409,065.
| 14 May 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 148.6 | 101.510 % | £203,000 | £206,065 | £409,065 |
The Postcode Pricing Model uses changes in average sales price within the IG8 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 | 144.609 % | £293,556 | £496,556 |
| 3 Month Average | 132.350 % | £268,669 | £471,669 |
| 6 Month Average | 124.062 % | £251,846 | £454,846 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Nov 2023 | £550,652 | £542,500 | 19 WEST GROVE |
| 8 Sep 2023 | £511,541 | £505,000 | 122 SNAKES LANE EAST |
| 22 Sep 2022 | £317,437 | £320,000 | 20 THE RODINGS SNAKES LANE |
| 5 Jan 2022 | £270,995 | £257,500 | 56A PROSPECT ROAD |
| 28 Oct 2021 | £591,966 | £535,000 | 69 PROSPECT ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 1 Aug 2014. Using an estimated price of £409,065 means this house is valued at £5,681 per sq meter (£527 per sq foot).
The average size of a house on RIBBLE CLOSE is 97 sq meters (1,044 sq feet).
This house is the smallest in the street with a floor area of 72 sq meters (775 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Ribble Close | |
| Jan 2024 | Anti-social behaviour | On or near Ribble Close | |
| Jan 2024 | Anti-social behaviour | On or near Ribble Close | |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Ribble Close |
| Dec 2023 | Vehicle crime | Under investigation | On or near Ribble Close |