£557,421
This estimated value is based upon the latest sale price for the house of £430,000 on 16 May 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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16 Tree Road, London, E16 3DZ
Phone: 02080225466
| Price Paid | Date |
|---|---|
| £430,000 | 16 May 2017 |
| Terraced |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 2017 the House Price Index for GREATER LONDON was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £430,000 results in an estimated price of approximately £557,421.
| 16 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £430,000 | £127,421 | £557,421 |
The Postcode Pricing Model uses changes in average sales price within the E16 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 | 32.602 % | £140,188 | £570,188 |
| 3 Month Average | -4.787 % | £-20,584 | £409,415 |
| 6 Month Average | -3.288 % | £-14,137 | £415,862 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £453,949 | £440,000 | 16 CHURCHILL ROAD |
| 27 Oct 2023 | £393,947 | £385,000 | 59 CHURCHILL ROAD |
| 13 Jun 2023 | £375,526 | £368,000 | 72 BAXTER ROAD |
| 15 Feb 2023 | £412,757 | £410,000 | 123 ALNWICK ROAD |
| 28 Nov 2022 | £253,813 | £255,000 | 105 ALNWICK ROAD |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 11 Nov 2015. Using an estimated price of £557,421 means this house is valued at £4,606 per sq meter (£427 per sq foot).
The average size of a house on ALNWICK ROAD is 84 sq meters (910 sq feet).