£724,021
This estimated value is based upon the latest sale price for the house of £550,000 on 6 Jan 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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57 Commercial Street, Spitalfields, E1 6BD
Phone: 02034630249
Price Paid | Date |
---|---|
£550,000 | 6 Jan 2017 |
Flats/Maisonettes |
Leasehold |
Floor Area: 71 sq meters or 764 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 January 2017 the House Price Index for GREATER LONDON was 113.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 31.640%.Applying this 31.640% change to the original purchase price of £550,000 results in an estimated price of approximately £724,021.
6 Jan 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
113.7 | 149.7 | 31.640 % | £550,000 | £174,021 | £724,021 |
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 | -27.878 % | £-153,327 | £396,672 |
3 Month Average | 21.081 % | £115,948 | £665,948 |
6 Month Average | 14.726 % | £80,994 | £630,994 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Sep 2023 | £1,124,795 | £1,100,000 | FLAT 73 KENSINGTON APARTMENTS, 11 COMMERCIAL STREET |
7 Nov 2022 | £532,510 | £535,000 | FLAT 63 DENNING POINT, 33 COMMERCIAL STREET |
3 Aug 2022 | £512,396 | £510,000 | FLAT 17 DENNING POINT, 33 COMMERCIAL STREET |
2 Aug 2021 | £590,034 | £525,000 | FLAT 28 DENNING POINT, 33 COMMERCIAL STREET |
30 Jun 2021 | £810,650 | £750,000 | FLAT 42 KENSINGTON APARTMENTS, 11 COMMERCIAL STREET |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 6 Jan 2016. Using an estimated price of £724,021 means this house is valued at £10,197 per sq meter (£947 per sq foot).
The average size of a house on COMMERCIAL STREET is 71 sq meters (771 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Other theft | Under investigation | On or near Wentworth Street |
Apr 2024 | Robbery | Under investigation | On or near Wentworth Street |
Apr 2024 | Bicycle theft | Under investigation | On or near Wentworth Street |