£427,575
This estimated value is based upon the latest sale price for the house of £355,000 on 27 Mar 2020. 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 |
|---|---|
| £355,000 | 27 Mar 2020 |
| £220,000 | 4 Dec 2009 |
| £200,000 | 1 Mar 2007 |
| £145,000 | 18 Dec 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 41 sq meters or 441 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 March 2020 the House Price Index for GREATER LONDON was 123.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.444%.Applying this 20.444% change to the original purchase price of £355,000 results in an estimated price of approximately £427,575.
| 27 Mar 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.4 | 148.6 | 20.444 % | £355,000 | £72,575 | £427,575 |
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 | 28.692 % | £101,857 | £456,857 |
| 3 Month Average | -21.860 % | £-77,602 | £277,397 |
| 6 Month Average | -18.386 % | £-65,271 | £289,728 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £392,816 | £387,000 | FLAT 3 29 HORTON ROAD |
| 6 Sep 2023 | £693,872 | £685,000 | 43 CASTERTON STREET |
| 25 Aug 2023 | £1,488,018 | £1,475,000 | 18 HORTON ROAD |
| 4 Aug 2023 | £605,295 | £600,000 | FLAT D 266 RICHMOND ROAD |
| 17 Feb 2023 | £1,748,823 | £1,750,000 | VERNON HALL FLORFIELD ROAD |
This house has a floor area of 41 sq meters or 441 sq feet when measured on 11 Oct 2018. Using an estimated price of £427,575 means this house is valued at £10,428 per sq meter (£968 per sq foot).
The average size of a house on READING LANE is 73 sq meters (790 sq feet).