£404,135
This estimated value is based upon the latest sale price for the house of £350,000 on 30 Nov 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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57 Bow Road, London, E3 2AD
Phone: 02034783596
| Price Paid | Date |
|---|---|
| £350,000 | 30 Nov 2020 |
| £272,500 | 7 Feb 2014 |
| £242,500 | 26 Jan 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 November 2020 the House Price Index for GREATER LONDON was 128.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 15.467%.Applying this 15.467% change to the original purchase price of £350,000 results in an estimated price of approximately £404,135.
| 30 Nov 2020 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 148.0 | 15.467 % | £350,000 | £54,135 | £404,135 |
The Postcode Pricing Model uses changes in average sales price within the E3 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 | 2.155 % | £7,541 | £357,541 |
| 3 Month Average | -19.213 % | £-67,244 | £282,755 |
| 6 Month Average | -4.424 % | £-15,484 | £334,515 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £437,135 | £433,000 | 18 MAHA BUILDING MERCHANT STREET |
| 14 Jul 2023 | £272,578 | £270,000 | FLAT 33 GRAFTON HOUSE, 12 WELLINGTON WAY |
| 30 Sep 2021 | £566,671 | £528,000 | FLAT 5 3 WELLINGTON WAY |
| 28 Sep 2021 | £491,545 | £458,000 | 12 ELLISON APARTMENTS MERCHANT STREET |
| 10 Jun 2021 | £459,495 | £430,000 | FLAT 37 WELLINGTON BUILDINGS WELLINGTON WAY |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 12 Oct 2021. Using an estimated price of £404,135 means this house is valued at £9,398 per sq meter (£873 per sq foot).
The average size of a house on MERCHANT STREET is 61 sq meters (665 sq feet).