£1,022,645
This estimated value is based upon the latest sale price for the house of £312,000 on 28 Sep 2001. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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124 Whitechapel Road, Aldgate, E1 1JE
Phone: 02081154030
| Price Paid | Date |
|---|---|
| £312,000 | 28 Sep 2001 |
| Terraced |
| Freehold |
| Floor Area: 38 sq meters or 415 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 September 2001 the House Price Index for GREATER LONDON was 45.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 227.771%.Applying this 227.771% change to the original purchase price of £312,000 results in an estimated price of approximately £1,022,645.
| 28 Sep 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.3 | 148.6 | 227.771 % | £312,000 | £710,645 | £1,022,645 |
The Postcode Pricing Model uses changes in average sales price within the E1 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 | 101.546 % | £316,823 | £628,823 |
| 3 Month Average | 121.245 % | £378,284 | £690,284 |
| 6 Month Average | 166.787 % | £520,375 | £832,375 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Sep 2023 | £1,114,247 | £1,100,000 | 42 MYRDLE STREET |
| 4 Sep 2023 | £744,519 | £735,000 | 15A NEW ROAD |
| 18 Jul 2023 | £907,210 | £895,000 | 47 NEW ROAD |
| 26 Aug 2022 | £1,077,101 | £1,080,000 | 60 PARFETT STREET |
| 16 Feb 2022 | £576,782 | £550,000 | 23B NEW ROAD |
This house has a floor area of 38 sq meters or 415 sq feet when measured on 4 Dec 2008. Using an estimated price of £1,022,645 means this house is valued at £26,520 per sq meter (£2,463 per sq foot).
The average size of a house on NEW ROAD is 87 sq meters (943 sq feet).