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|£52,000||27 Nov 1998|
|£38,000||21 Aug 1997|
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 1998 the House Price Index for GREATER LONDON was 28.7.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 329.163%.
Applying this 329.163% change to the original purchase price of £52,000 gives us an estimated price now of around £223,164.
|27 Nov 1998||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the N4 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||452.616 %||£235,360||£287,360|
|3 Month Average||416.931 %||£216,804||£268,804|
|6 Month Average||326.442 %||£169,749||£221,749|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In November 1998 the average sale price for the 50 nearest sales within a mile of GREEN COURT 2 HERMITAGE ROAD was £77,919.
In August 2020 the average sale price for the 50 nearest sales was £567,886. This is a change of 628.817%.
So taking the original purchase price of £52,000 and adjusting it by 628.817% gives an estimated price of £378,984.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 27 Nov 1998||Average price on 25 Aug 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|28 Oct 2019||£623,421||£617,500||36 BEECHFIELD ROAD|
|1 Aug 2019||£625,534||£620,000||45 OAKDALE ROAD|
|31 Jul 2019||£610,657||£600,000||268 HERMITAGE ROAD|
|19 Jul 2019||£457,993||£450,000||236 HERMITAGE ROAD|
|24 May 2019||£361,044||£350,000||40 TIVERTON ROAD|