This estimated value is based upon the latest sale price for the house of £2,749,500 on 5 Nov 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£2,749,500||5 Nov 2014|
|£825,000||9 Mar 2007|
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 2014 the House Price Index for GREATER LONDON was 99.8.The House Price Index as of 1 Jun 2019 is 120.5 which is a change of 20.722%.
Applying this 20.722% change to the original purchase price of £2,749,500 gives us an estimated price now of around £3,319,237.
|5 Nov 2014||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the W1S 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||80.757 %||£2,220,409||£4,969,909|
|3 Month Average||0.039 %||£1,080||£2,750,580|
|6 Month Average||19.049 %||£523,752||£3,273,252|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In November 2014 the average sale price for the 50 nearest sales within two miles of 20 - 22 FLAT 3 MADDOX STREET was £1,241,347.
In December 2019 the average sale price for the 50 nearest sales was £1,418,550. This is a change of 14.275%.
So taking the original purchase price of £2,749,500 and adjusting it by 14.275% gives an estimated price of £3,141,992.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 5 Nov 2014||Average price on 26 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|5 Jun 2019||£30,000||£30,000||GROUND FLOOR AND BASEMENT 55 CONDUIT STREET|
|16 May 2019||£2,268,852||£2,250,000||FLAT 7 21 MADDOX STREET|
|16 Apr 2019||£125,356||£125,000||4 MILL STREET|
|22 Feb 2019||£4,194,561||£4,235,000||THE MASONS ARMS, 38 MADDOX STREET|
|31 Jan 2019||£20,778,464||£21,020,414||16 HANOVER STREET|