£760,171
This estimated value is based upon the latest sale price for the house of £565,000 on 22 Jun 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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534 Chigwell Road, Woodford Green, IG8 8PA
Phone: 02036414329
Price Paid | Date |
---|---|
£565,000 | 22 Jun 2016 |
£420,000 | 18 Dec 2014 |
£249,999 | 5 Apr 2005 |
£165,000 | 7 Sep 2001 |
£109,995 | 23 Sep 1999 |
Terraced |
Freehold |
Floor Area: 98 sq meters or 1,054 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 June 2016 the House Price Index for GREATER LONDON was 111.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 34.544%.Applying this 34.544% change to the original purchase price of £565,000 results in an estimated price of approximately £760,171.
22 Jun 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
111.3 | 149.7 | 34.544 % | £565,000 | £195,171 | £760,171 |
The Postcode Pricing Model uses changes in average sales price within the IG8 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 | 8.274 % | £46,748 | £611,748 |
3 Month Average | 17.695 % | £99,979 | £664,979 |
6 Month Average | 18.430 % | £104,129 | £669,129 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £766,781 | £755,000 | 117 PROSPECT ROAD |
3 Nov 2023 | £581,768 | £567,000 | 126 PROSPECT ROAD |
2 Oct 2023 | £552,550 | £540,000 | 83 WEST GROVE |
20 Jun 2022 | £545,664 | £534,000 | 125 PROSPECT ROAD |
1 Jun 2022 | £679,526 | £665,000 | 91A PROSPECT ROAD |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 29 Sep 2014. Using an estimated price of £760,171 means this house is valued at £7,756 per sq meter (£720 per sq foot).
The average size of a house on PROSPECT ROAD is 81 sq meters (879 sq feet).