£609,945
This estimated value is based upon the latest sale price for the house of £605,000 on 14 Jun 2023. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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498 Roman Road, Bethnal Green, Bow, London, E3 5LU
Phone: 02077686120
| Price Paid | Date |
|---|---|
| £605,000 | 14 Jun 2023 |
| Terraced |
| Freehold |
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 2023 the House Price Index for GREATER LONDON was 146.8.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 0.817%.Applying this 0.817% change to the original purchase price of £605,000 results in an estimated price of approximately £609,945.
| 14 Jun 2023 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.0 | 0.817 % | £605,000 | £4,945 | £609,945 |
The Postcode Pricing Model uses changes in average sales price within the E3 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 | -0.447 % | £-2,702 | £602,297 |
| 3 Month Average | -15.584 % | £-94,281 | £510,718 |
| 6 Month Average | -1.629 % | £-9,853 | £595,146 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £528,212 | £525,000 | FLAT 41 CONNAUGHT WORKS, 251 OLD FORD ROAD |
| 25 Aug 2023 | £412,509 | £410,000 | FLAT 29 CONNAUGHT WORKS, 251 OLD FORD ROAD |
| 23 Jun 2023 | £741,008 | £735,000 | 7 WILLOW TREE CLOSE |
| 14 Jun 2023 | £609,946 | £605,000 | 454 OLD FORD ROAD |
| 24 Mar 2023 | £485,122 | £482,500 | FLAT 51 CONNAUGHT WORKS, 251 OLD FORD ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Under investigation | On or near Ranwell Close |
| Feb 2024 | Other theft | Under investigation | On or near Ranwell Close |
| Feb 2024 | Vehicle crime | Under investigation | On or near Ranwell Close |
| Apr 2024 | Vehicle crime | Under investigation | On or near Tait Court |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Tait Court |