This estimated value is based upon the latest sale price for the house of £375,000 on 5 Nov 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£375,000||5 Nov 2012|
|£365,000||4 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 2012 the House Price Index for GREATER LONDON was 78.1.The House Price Index as of 1 Jun 2019 is 120.5 which is a change of 54.318%.
Applying this 54.318% change to the original purchase price of £375,000 gives us an estimated price now of around £578,693.
|5 Nov 2012||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||47.967 %||£179,874||£554,874|
|3 Month Average||49.544 %||£185,789||£560,789|
|6 Month Average||42.494 %||£159,354||£534,354|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In November 2012 the average sale price for the 50 nearest sales within two miles of NAXOS BUILDING, 4 FLAT 49 HUTCHINGS STREET was £361,302.
In October 2019 the average sale price for the 50 nearest sales was £512,360. This is a change of 41.809%.
So taking the original purchase price of £375,000 and adjusting it by 41.809% gives an estimated price of £531,785.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 5 Nov 2012||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|
|28 Jun 2019||£560,000||£560,000||FLAT 79 SEACON TOWER, 5 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|