This estimated value is based upon the latest sale price for the house of £490,000 on 17 Jun 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£490,000||17 Jun 2016|
|£320,000||21 Oct 2009|
|£320,000||26 Oct 2007|
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 2016 the House Price Index for GREATER LONDON was 118.9.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 3.604%.
Applying this 3.604% change to the original purchase price of £490,000 gives us an estimated price now of around £507,662.
|17 Jun 2016||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the TW11 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||-19.483 %||£-95,465||£394,534|
|3 Month Average||10.920 %||£53,507||£543,507|
|6 Month Average||-1.521 %||£-7,451||£482,548|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In June 2016 the average sale price for the 50 nearest sales within two miles of 73B KING EDWARDS GROVE was £594,439.
In May 2020 the average sale price for the 2 nearest sales was £278,209. This is a change of -53.198%.
So taking the original purchase price of £490,000 and adjusting it by -53.198% gives an estimated price of £229,329.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 17 Jun 2016||Average price on 28 May 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|8 Jan 2020||£1,130,000||£1,130,000||62 KING EDWARDS GROVE|
|7 Jun 2019||£1,195,063||£1,168,000||28 ATBARA ROAD|
|14 May 2019||£740,811||£718,150||117 MUNSTER ROAD|
|22 Mar 2019||£1,339,527||£1,310,000||47 ATBARA ROAD|
|4 Jan 2019||£808,735||£800,000||125 MUNSTER ROAD|