This estimated value is based upon the latest sale price for the house of £8,100,000 on 14 Aug 1998. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£8,100,000||14 Aug 1998|
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 August 1998 the House Price Index for GREATER LONDON was 28.4.The House Price Index as of 1 Jun 2018 is 123.8 which is a change of 336.500%.
Applying this 336.500% change to the original purchase price of £8,100,000 gives us an estimated price now of around £35,356,524.
|14 Aug 1998||1 Jun 2018||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the W14 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||482.137 %||£39,053,123||£47,153,123|
|3 Month Average||409.456 %||£33,165,962||£41,265,962|
|6 Month Average||487.178 %||£39,461,400||£47,561,400|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In August 1998 the average sale price for the 50 nearest sales within half a mile of 77 ADDISON ROAD was £270,308.
In July 2018 the average sale price for the 50 nearest sales was £966,726. This is a change of 257.639%.
So taking the original purchase price of £8,100,000 and adjusting it by 257.639% gives an estimated price of £28,968,734.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 14 Aug 1998||Average price on 27 Jul 2018||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|11 Jun 2018||£2,600,000||£2,600,000||2 EDWARD HOUSE, 2 RADNOR TERRACE|
|17 Nov 2017||£16,073,591||£16,000,000||16 ADDISON ROAD|
|8 Sep 2017||£2,194,014||£2,200,000||108 WOODSFORD SQUARE|
|11 Aug 2017||£2,251,760||£2,250,000||118 WOODSFORD SQUARE|
|18 Jul 2017||£6,617,581||£6,585,586||11 EDWARD HOUSE, 2 RADNOR TERRACE|