£555,237
This estimated value is based upon the latest sale price for the house of £325,000 on 3 Jun 2010. 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 |
|---|---|
| £325,000 | 3 Jun 2010 |
| £224,995 | 23 Aug 2002 |
| £124,995 | 30 Oct 1998 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 989 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 2010 the House Price Index for GREATER LONDON was 87.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.842%.Applying this 70.842% change to the original purchase price of £325,000 results in an estimated price of approximately £555,237.
| 3 Jun 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 149.7 | 70.842 % | £325,000 | £230,237 | £555,237 |
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 | 73.402 % | £238,557 | £563,557 |
| 3 Month Average | 69.925 % | £227,256 | £552,256 |
| 6 Month Average | 71.560 % | £232,570 | £557,570 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £701,557 | £680,000 | 28 FINCHINGFIELD AVENUE |
| 6 Sep 2023 | £485,707 | £475,000 | 10 BRACKLEY SQUARE |
| 1 Sep 2023 | £539,390 | £527,500 | 161 BRACKLEY SQUARE |
| 15 Aug 2023 | £779,051 | £765,000 | 75 BRACKLEY SQUARE |
| 4 Aug 2023 | £672,122 | £660,000 | 107 BRACKLEY SQUARE |
This house has a floor area of 91 sq meters or 989 sq feet when measured on 17 Mar 2010. Using an estimated price of £555,238 means this house is valued at £6,041 per sq meter (£561 per sq foot).
The average size of a house on BRACKLEY SQUARE is 90 sq meters (979 sq feet).