£714,920
This estimated value is based upon the latest sale price for the house of £585,000 on 15 Mar 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Millennium Harbour, 22 Westferry Road, London, E14 8LW
Phone: 02081155164
Price Paid | Date |
---|---|
£585,000 | 15 Mar 2019 |
£405,000 | 18 Oct 2011 |
£105,000 | 22 Oct 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 73 sq meters or 792 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 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 Jan 2024 is 147.0 which is a change of 22.209%.Applying this 22.209% change to the original purchase price of £585,000 results in an estimated price of approximately £714,920.
15 Mar 2019 | 1 Jan 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 147.0 | 22.209 % | £585,000 | £129,920 | £714,920 |
The Postcode Pricing Model uses changes in average sales price within the E14 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 | -22.743 % | £-133,047 | £451,952 |
3 Month Average | -7.775 % | £-45,481 | £539,518 |
6 Month Average | 0.927 % | £5,420 | £590,420 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Jul 2023 | £519,293 | £520,000 | FLAT 107 OCEAN WHARF, 60 WESTFERRY ROAD |
7 Apr 2020 | £862,197 | £710,000 | FLAT 24 HUTCHINGS WHARF, 1 HUTCHINGS STREET |
31 Oct 2019 | £400,329 | £330,000 | FLAT 61 EXPRESS WHARF, 3 HUTCHINGS STREET |
13 Jul 2019 | £31,722 | £26,000 | 54 WESTFERRY ROAD |
15 Mar 2019 | £714,920 | £585,000 | FLAT 50 HUTCHINGS WHARF, 1 HUTCHINGS STREET |
This house has a floor area of 73 sq meters or 792 sq feet when measured on 7 Apr 2011. Using an estimated price of £714,920 means this house is valued at £9,708 per sq meter (£901 per sq foot).
The average size of a house on HUTCHINGS STREET is 66 sq meters (712 sq feet).