This estimated value is based upon the latest sale price for the house of £500,000 on 24 Jun 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£500,000||24 Jun 2015|
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 June 2015 the House Price Index for GREATER LONDON was 103.2.The House Price Index as of 1 Jun 2019 is 120.5 which is a change of 16.732%.
Applying this 16.732% change to the original purchase price of £500,000 gives us an estimated price now of around £583,661.
|24 Jun 2015||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the EC4A 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||-79.509 %||£-397,545||£102,454|
|3 Month Average||-62.888 %||£-314,440||£185,559|
|6 Month Average||-64.828 %||£-324,140||£175,859|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In June 2015 the average sale price for the 50 nearest sales within a mile of 25 11TH FLOOR FARRINGDON STREET was £823,724.
In December 2019 the average sale price for the 50 nearest sales was £607,217. This is a change of -26.284%.
So taking the original purchase price of £500,000 and adjusting it by -26.284% gives an estimated price of £368,580.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 24 Jun 2015||Average price on 26 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|8 Aug 2019||£60,000||£60,000||GROUND FLOOR AND BASEMENT PREMISES 13 ST BRIDE STREET|
|2 May 2018||£479,421||£485,000||UNIT A 1 FLEET PLACE|
|12 Feb 2018||£49,228||£50,000||5 NEW BRIDGE STREET|
|29 Jan 2018||£3,029||£3,076||2 - 5 HOLBORN VIADUCT|
|18 Sep 2017||£72,822||£75,000||THE PLUM TREE, 54 FARRINGDON STREET|