£2,258,339
This estimated value is based upon the latest sale price for the house of £1,755,000 on 12 May 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
Olympic House, 28 - 42 Clements Road, Ilford, IG1 1BA
Phone: 02034630338
| Price Paid | Date |
|---|---|
| £1,755,000 | 12 May 2017 |
| Freehold |
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 Mar 2024 is 148.6 which is a change of 28.680%.Applying this 28.680% change to the original purchase price of £1,755,000 results in an estimated price of approximately £2,258,339.
| 12 May 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 148.6 | 28.680 % | £1,755,000 | £503,339 | £2,258,339 |
The Postcode Pricing Model uses changes in average sales price within the IG1 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 | -35.498 % | £-622,996 | £1,132,003 |
| 3 Month Average | 9.989 % | £175,301 | £1,930,301 |
| 6 Month Average | 12.095 % | £212,263 | £1,967,263 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2023 | £938,208 | £930,000 | GABLE HOUSE, 1 BALFOUR ROAD |
| 28 Jul 2023 | £70,955 | £70,000 | UNIT 1 172 - 174 HIGH ROAD |
| 12 Jan 2023 | £1,980,670 | £1,990,000 | ZIRCON HOUSE, 22 POSTWAY MEWS |
| 12 Jan 2023 | £1,632,311 | £1,640,000 | 88 HIGH ROAD |
| 16 Aug 2022 | £224,396 | £225,000 | 75A LEY STREET |