This estimated value is based upon the latest sale price for the house of £164,000 on 30 Mar 2001. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£164,000||30 Mar 2001|
|£115,750||29 Oct 1999|
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 2001 the House Price Index for GREATER LONDON was 39.9.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 208.677%.
Applying this 208.677% change to the original purchase price of £164,000 gives us an estimated price now of around £506,229.
|30 Mar 2001||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the E16 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||204.802 %||£335,875||£499,875|
|3 Month Average||238.464 %||£391,081||£555,081|
|6 Month Average||246.549 %||£404,340||£568,340|
|Date||Current Estimated Value||Price Paid||Address|
|21 Jun 2019||£378,522||£369,950||FLAT 7 HOWARD HOUSE, 9 WESLEY AVENUE|
|19 Dec 2018||£333,344||£331,500||FLAT 3 WINDSOR HALL, 13 WESLEY AVENUE|
|25 Jul 2018||£358,390||£360,000||FLAT 2 SOUTH LODGE, 1 AUDLEY DRIVE|
|24 Apr 2018||£354,149||£350,000||FLAT 4 HOWARD HOUSE, 9 WESLEY AVENUE|
|14 Mar 2018||£342,161||£339,000||FLAT 4 QUEEN MARY HOUSE, 11 WESLEY AVENUE|