£622,206
This estimated value is based upon the latest sale price for the house of £500,000 on 28 Feb 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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176/177 Forest Lane, London, E7 9BB
Phone: 02034637505
Price Paid | Date |
---|---|
£500,000 | 28 Feb 2019 |
Terraced |
Freehold |
Floor Area: 95 sq meters or 1,022 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 February 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.441%.Applying this 24.441% change to the original purchase price of £500,000 results in an estimated price of approximately £622,206.
28 Feb 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 149.7 | 24.441 % | £500,000 | £122,206 | £622,206 |
The Postcode Pricing Model uses changes in average sales price within the E7 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 | 183.726 % | £918,627 | £1,418,627 |
3 Month Average | 12.186 % | £60,932 | £560,932 |
6 Month Average | 25.551 % | £127,752 | £627,752 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Mar 2024 | £619,518 | £610,000 | 150 WELLINGTON ROAD |
3 Nov 2023 | £538,674 | £525,000 | 109 ODESSA ROAD |
20 Jan 2023 | £576,540 | £575,000 | 127 TOWER HAMLETS ROAD |
7 Nov 2022 | £497,673 | £500,000 | 95 ODESSA ROAD |
9 Sep 2022 | £493,670 | £494,000 | 119 TOWER HAMLETS ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 20 Jan 2016. Using an estimated price of £622,206 means this house is valued at £6,549 per sq meter (£608 per sq foot).
The average size of a house on WELLINGTON ROAD is 83 sq meters (894 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Wellington Road |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Wellington Road |