This estimated value is based upon the latest sale price for the house of £280,000 on 10 Nov 2003. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£280,000||10 Nov 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 November 2003 the House Price Index for GREATER LONDON was 58.9.The House Price Index as of 1 Jun 2019 is 120.5 which is a change of 104.652%.
Applying this 104.652% change to the original purchase price of £280,000 gives us an estimated price now of around £573,025.
|10 Nov 2003||1 Jun 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||90.802 %||£254,245||£534,245|
|3 Month Average||105.323 %||£294,904||£574,904|
|6 Month Average||99.961 %||£279,889||£559,889|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In November 2003 the average sale price for the 50 nearest sales within three quarters of a mile of NAXOS BUILDING, 4 FLAT 47 HUTCHINGS STREET was £258,555.
In October 2019 the average sale price for the 50 nearest sales was £512,360. This is a change of 98.163%.
So taking the original purchase price of £280,000 and adjusting it by 98.163% gives an estimated price of £554,856.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 10 Nov 2003||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|9 Jul 2019||£365,000||£365,000||FLAT 30 NAXOS BUILDING, 4 HUTCHINGS STREET|
|13 Mar 2019||£512,768||£513,000||FLAT 86 NAXOS BUILDING, 4 HUTCHINGS STREET|
|5 Nov 2018||£490,487||£500,000||FLAT 98 NAXOS BUILDING, 4 HUTCHINGS STREET|
|4 Oct 2018||£390,612||£400,000||FLAT 78 NAXOS BUILDING, 4 HUTCHINGS STREET|
|17 Jan 2018||£590,887||£600,000||FLAT 51 NAXOS BUILDING, 4 HUTCHINGS STREET|