This estimated value is based upon the latest sale price for the house of £428,500 on 24 Sep 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£428,500||24 Sep 2019|
|£333,000||4 Sep 2003|
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 September 2019 the House Price Index for GREATER LONDON was 122.2.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 0.813%.
Applying this 0.813% change to the original purchase price of £428,500 gives us an estimated price now of around £431,982.
|24 Sep 2019||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
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||9.045 %||£38,756||£467,256|
|3 Month Average||-18.465 %||£-79,122||£349,377|
|6 Month Average||-5.612 %||£-24,045||£404,454|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In September 2019 the average sale price for the 50 nearest sales within two miles of NAXOS BUILDING, 4 FLAT 17 HUTCHINGS STREET was £449,226.
In June 2020 the average sale price for the 24 nearest sales was £495,783. This is a change of 10.364%.
So taking the original purchase price of £428,500 and adjusting it by 10.364% gives an estimated price of £472,908.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 24 Sep 2019||Average price on 26 Jun 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|29 Nov 2019||£583,616||£580,000||FLAT 69 NAXOS BUILDING, 4 HUTCHINGS STREET|
|22 Nov 2019||£443,246||£440,500||FLAT 58 NAXOS BUILDING, 4 HUTCHINGS STREET|
|24 Sep 2019||£431,983||£428,500||FLAT 17 NAXOS BUILDING, 4 HUTCHINGS STREET|
|3 Sep 2019||£604,877||£600,000||FLAT 72 NAXOS BUILDING, 4 HUTCHINGS STREET|
|9 Jul 2019||£371,483||£365,000||FLAT 30 NAXOS BUILDING, 4 HUTCHINGS STREET|