£674,951
This estimated value is based upon the latest sale price for the house of £610,000 on 21 Oct 2021. 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 |
---|---|
£610,000 | 21 Oct 2021 |
£446,500 | 6 May 2015 |
Flats/Maisonettes |
Leasehold |
Floor Area: 58 sq meters or 624 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 October 2021 the House Price Index for GREATER LONDON was 134.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 10.648%.Applying this 10.648% change to the original purchase price of £610,000 results in an estimated price of approximately £674,951.
21 Oct 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
134.3 | 148.6 | 10.648 % | £610,000 | £64,951 | £674,951 |
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 | -20.154 % | £-122,937 | £487,062 |
3 Month Average | -11.526 % | £-70,309 | £539,690 |
6 Month Average | -5.766 % | £-35,174 | £574,825 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Mar 2023 | £625,897 | £620,000 | FLAT D 5 TOYNBEE STREET |
9 Aug 2022 | £598,389 | £600,000 | FLAT 1 EASTONE APARTMENTS, 10 LOLESWORTH CLOSE |
22 Jul 2022 | £421,134 | £420,000 | FLAT 25 CARTER HOUSE BRUNE STREET |
28 Mar 2022 | £455,955 | £440,000 | 59B COMMERCIAL STREET |
3 Feb 2022 | £325,308 | £310,203 | APARTMENT 202 25 TOYNBEE STREET |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 9 Feb 2015. Using an estimated price of £674,952 means this house is valued at £11,637 per sq meter (£1,081 per sq foot).
The average size of a house on COMMERCIAL STREET is 71 sq meters (771 sq feet).