This estimated value is based upon the latest sale price for the house of £230,000 on 27 Oct 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£230,000||27 Oct 2004|
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 October 2004 the House Price Index for GREATER LONDON was 299.9.The House Price Index as of 1 Jun 2015 is 524.1 which is a change of 74.756%.
Applying this 74.756% change to the original purchase price of £230,000 gives us an estimated price now of around £401,938.
|27 Oct 2004||1 Jun 2015||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the DA14 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||87.689 %||£201,684||£431,684|
|3 Month Average||47.748 %||£109,819||£339,819|
|6 Month Average||45.031 %||£103,571||£333,571|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In October 2004 the average sale price for the 50 nearest sales within two miles of 20 LONGMEAD DRIVE was £209,774.
In June 2015 the average sale price for the 50 nearest sales was £280,365. This is a change of 33.651%.
So taking the original purchase price of £230,000 and adjusting it by 33.651% gives an estimated price of £307,397.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 27 Oct 2004||Average price on 30 Jun 2015||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|15 May 2015||£351,042||£345,000||9 EATON ROAD|
|19 Sep 2014||£237,403||£225,000||2 EATON ROAD|
|19 Sep 2014||£131,891||£125,000||1A ONSLOW DRIVE|
|7 Aug 2014||£380,034||£365,000||55 LONGMEAD DRIVE|
|17 Apr 2014||£416,744||£370,000||46 LONGMEAD DRIVE|
|May 2015||Vehicle crime||Under investigation||On or near Onslow Drive|
|Apr 2015||Vehicle crime||Investigation complete; no suspect identified||On or near Onslow Drive|
|Jun 2015||Bicycle theft||On or near Albany Park|
|May 2015||Bicycle theft||On or near Albany Park|
|Jun 2015||Shoplifting||Investigation complete; no suspect identified||On or near Supermarket|