£340,644
This estimated value is based upon the latest sale price for the house of £200,000 on 23 Feb 2010. 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 |
|---|---|
| £200,000 | 23 Feb 2010 |
| £250,000 | 30 May 2008 |
| Terraced |
| Freehold |
| Floor Area: 139 sq meters or 1,496 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 2010 the House Price Index for GREATER LONDON was 87.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.322%.Applying this 70.322% change to the original purchase price of £200,000 results in an estimated price of approximately £340,644.
| 23 Feb 2010 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 148.6 | 70.322 % | £200,000 | £140,644 | £340,644 |
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 | 239.430 % | £478,860 | £678,860 |
| 3 Month Average | 125.951 % | £251,901 | £451,901 |
| 6 Month Average | 143.808 % | £287,615 | £487,615 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Nov 2023 | £196,915 | £194,000 | 231 STRONE ROAD |
| 8 Sep 2023 | £455,828 | £450,000 | 191 HALLEY ROAD |
| 30 Mar 2023 | £203,921 | £202,000 | 155 SHREWSBURY ROAD |
| 24 Feb 2023 | £394,734 | £395,000 | 163 SHREWSBURY ROAD |
| 11 Feb 2022 | £660,678 | £630,000 | 131 SHREWSBURY ROAD |
This house has a floor area of 139 sq meters or 1,496 sq feet when measured on 15 Jul 2018. Using an estimated price of £340,645 means this house is valued at £2,450 per sq meter (£227 per sq foot).
The average size of a house on SHREWSBURY ROAD is 106 sq meters (1,149 sq feet).