This estimated value is based upon the latest sale price for the house of £460,000 on 11 Sep 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£460,000||11 Sep 2015|
|£380,000||31 Jan 2014|
|£317,500||1 Feb 2008|
|£305,000||22 Aug 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 2015 the House Price Index for GREATER LONDON was 108.7.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 13.386%.
Applying this 13.386% change to the original purchase price of £460,000 gives us an estimated price now of around £521,574.
|11 Sep 2015||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||62.359 %||£286,852||£746,852|
|3 Month Average||-3.657 %||£-16,820||£443,179|
|6 Month Average||8.329 %||£38,314||£498,314|
|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|