£713,937
This estimated value is based upon the latest sale price for the house of £560,000 on 13 Jul 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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534 Chigwell Road, Woodford Green, IG8 8PA
Phone: 02036414329
Price Paid | Date |
---|---|
£560,000 | 13 Jul 2017 |
£269,000 | 7 Jan 2005 |
Terraced |
Freehold |
Floor Area: 118 sq meters or 1,270 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 2017 the House Price Index for GREATER LONDON was 116.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.489%.Applying this 27.489% change to the original purchase price of £560,000 results in an estimated price of approximately £713,937.
13 Jul 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.6 | 148.6 | 27.489 % | £560,000 | £153,937 | £713,937 |
The Postcode Pricing Model uses changes in average sales price within the IG8 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 | 13.150 % | £73,638 | £633,638 |
3 Month Average | 23.737 % | £132,929 | £692,929 |
6 Month Average | 19.481 % | £109,095 | £669,095 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Sep 2023 | £458,867 | £453,000 | 54 UPLANDS ROAD |
22 Aug 2023 | £569,986 | £565,000 | 20 GAYNES HILL ROAD |
31 Jul 2023 | £506,821 | £500,000 | 15 CANFIELD ROAD |
18 Jul 2023 | £448,537 | £442,500 | 18 UPLANDS ROAD |
23 Jan 2023 | £497,656 | £500,000 | 56 UPLANDS ROAD |
This house has a floor area of 118 sq meters or 1,270 sq feet when measured on 26 Jul 2016. Using an estimated price of £713,938 means this house is valued at £6,050 per sq meter (£562 per sq foot).
The average size of a house on CANFIELD ROAD is 91 sq meters (985 sq feet).