£612,705
This estimated value is based upon the latest sale price for the house of £330,000 on 24 Mar 2009. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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70 Essex Road, London, N1 8LT
Phone: 02080338978
| Price Paid | Date |
|---|---|
| £330,000 | 24 Mar 2009 |
| £300,000 | 24 Jun 2003 |
| £176,500 | 20 Jun 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 83 sq meters or 893 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 March 2009 the House Price Index for GREATER LONDON was 80.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 85.668%.Applying this 85.668% change to the original purchase price of £330,000 results in an estimated price of approximately £612,705.
| 24 Mar 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 80.0 | 148.6 | 85.668 % | £330,000 | £282,705 | £612,705 |
The Postcode Pricing Model uses changes in average sales price within the N1 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 | 103.005 % | £339,917 | £669,917 |
| 3 Month Average | 70.892 % | £233,942 | £563,942 |
| 6 Month Average | 99.737 % | £329,133 | £659,133 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2023 | £349,765 | £350,000 | WESTMINSTER COURT, 48 MELVILLE PLACE |
| 7 Nov 2022 | £805,246 | £815,000 | ALBERT COURT, 24 MELVILLE PLACE |
| 22 Jul 2022 | £586,579 | £585,000 | 20C TIBBERTON SQUARE |
| 13 May 2022 | £611,523 | £600,000 | ALBERT COURT, 21 MELVILLE PLACE |
| 14 Jan 2022 | £403,072 | £383,000 | RICHMOND COURT, 54 MELVILLE PLACE |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 13 Aug 2020. Using an estimated price of £612,705 means this house is valued at £7,381 per sq meter (£685 per sq foot).
The average size of a house on MELVILLE PLACE is 66 sq meters (719 sq feet).