£497,234
This estimated value is based upon the latest sale price for the house of £249,950 on 28 May 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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121 Richmond Road, Hackney, E8 3NJ
Phone: 02045163511
| Price Paid | Date |
|---|---|
| £249,950 | 28 May 2004 |
| £200,000 | 4 Dec 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 77 sq meters or 828 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 May 2004 the House Price Index for GREATER LONDON was 73.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 98.933%.Applying this 98.933% change to the original purchase price of £249,950 results in an estimated price of approximately £497,234.
| 28 May 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 146.7 | 98.933 % | £249,950 | £247,284 | £497,234 |
The Postcode Pricing Model uses changes in average sales price within the E8 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 | 23.279 % | £58,186 | £308,136 |
| 3 Month Average | 113.629 % | £284,015 | £533,965 |
| 6 Month Average | 163.193 % | £407,900 | £657,850 |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 10 Feb 2020.
The average size of a house on READING LANE is 73 sq meters (790 sq feet).