£494,015
This estimated value is based upon the latest sale price for the house of £500,000 on 18 Nov 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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503 Katherine Road Forest Gate, London, E7 8DR
Phone: 02080338580
| Price Paid | Date |
|---|---|
| £500,000 | 18 Nov 2022 |
| Terraced |
| 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 November 2022 the House Price Index for GREATER LONDON was 150.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.197%.Applying this -1.197% change to the original purchase price of £500,000 results in an estimated price of approximately £494,015.
| 18 Nov 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 148.6 | -1.197 % | £500,000 | £-5,984 | £494,015 |
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 | -13.918 % | £-69,588 | £430,411 |
| 3 Month Average | 4.820 % | £24,102 | £524,102 |
| 6 Month Average | 2.984 % | £14,919 | £514,919 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Mar 2023 | £87,827 | £87,000 | 571 ROMFORD ROAD |
| 27 Jan 2023 | £253,804 | £255,000 | 86 CLARENCE ROAD |
| 18 Nov 2022 | £494,016 | £500,000 | 15 LAPWING TERRACE |
| 5 Jul 2022 | £350,945 | £350,000 | 94 CLARENCE ROAD |
| 1 Jul 2022 | £330,891 | £330,000 | 49 CLARENCE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Clarence Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Clarence Road |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Clarence Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Clarence Road |
| Mar 2024 | Vehicle crime | Under investigation | On or near Cornwell Crescent |