£536,944
This estimated value is based upon the latest sale price for the house of £360,000 on 15 Dec 2014. 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 |
|---|---|
| £360,000 | 15 Dec 2014 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 December 2014 the House Price Index for GREATER LONDON was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £360,000 results in an estimated price of approximately £536,944.
| 15 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.6 | 148.6 | 49.151 % | £360,000 | £176,944 | £536,944 |
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 | 37.903 % | £136,450 | £496,450 |
| 3 Month Average | 56.371 % | £202,937 | £562,937 |
| 6 Month Average | 40.840 % | £147,023 | £507,023 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Jul 2023 | £608,186 | £600,000 | 746 CHIGWELL ROAD |
| 10 Feb 2023 | £589,603 | £590,000 | 28 MORGAN WAY |
| 10 Feb 2023 | £724,512 | £725,000 | 25 MORGAN WAY |
| 29 Jul 2022 | £431,161 | £430,000 | 9 ROSE TREE MEWS |
| 27 Jun 2022 | £385,447 | £380,000 | 15 SANDS WAY |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 30 May 2014. Using an estimated price of £536,944 means this house is valued at £6,392 per sq meter (£593 per sq foot).
The average size of a house on CHIGWELL ROAD is 78 sq meters (848 sq feet).