£486,309
This estimated value is based upon the latest sale price for the house of £485,000 on 27 Jul 2022. 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 |
|---|---|
| £485,000 | 27 Jul 2022 |
| £430,000 | 2 Mar 2018 |
| Terraced |
| Freehold |
| Floor Area: 52 sq meters or 559 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 July 2022 the House Price Index for GREATER LONDON was 148.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 0.270%.Applying this 0.270% change to the original purchase price of £485,000 results in an estimated price of approximately £486,309.
| 27 Jul 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 148.2 | 148.6 | 0.270 % | £485,000 | £1,309 | £486,309 |
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 | 36.831 % | £178,630 | £663,630 |
| 3 Month Average | 0.454 % | £2,204 | £487,204 |
| 6 Month Average | -3.952 % | £-19,164 | £465,835 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Sep 2023 | £455,828 | £450,000 | 50 WELLINGTON ROAD |
| 28 Jul 2023 | £459,940 | £453,750 | 3 GREBE CLOSE |
| 4 Nov 2022 | £454,495 | £460,000 | 45 TOWER HAMLETS ROAD |
| 27 Jul 2022 | £486,309 | £485,000 | 19 MAGPIE CLOSE |
| 4 Jul 2022 | £305,823 | £305,000 | 23 MAGPIE CLOSE |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 31 Dec 2015. Using an estimated price of £486,309 means this house is valued at £9,352 per sq meter (£868 per sq foot).
The average size of a house on MAGPIE CLOSE is 52 sq meters (563 sq feet).