£534,652
This estimated value is based upon the latest sale price for the house of £354,500 on 17 Oct 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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10 Summit Drive, Woodford Green, IG8 8QP
Phone: 02080330419
Price Paid | Date |
---|---|
£354,500 | 17 Oct 2014 |
£230,000 | 29 Jul 2011 |
Semi-Detached |
Freehold |
Floor Area: 79 sq meters or 850 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 October 2014 the House Price Index for GREATER LONDON was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £354,500 results in an estimated price of approximately £534,652.
17 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.3 | 149.7 | 50.819 % | £354,500 | £180,152 | £534,652 |
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 | 50.907 % | £180,464 | £534,964 |
3 Month Average | 31.286 % | £110,907 | £465,407 |
6 Month Average | 33.653 % | £119,298 | £473,798 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Sep 2023 | £485,707 | £475,000 | 136 RODING LANE NORTH |
26 Jan 2023 | £270,723 | £270,000 | 38 HILLINGTON GARDENS |
14 Oct 2022 | £497,837 | £499,500 | 154 RODING LANE NORTH |
27 Jul 2022 | £791,935 | £784,000 | 4 HILLINGTON GARDENS |
28 Jun 2022 | £516,031 | £505,000 | 114 RODING LANE NORTH |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 5 Sep 2013. Using an estimated price of £534,653 means this house is valued at £6,767 per sq meter (£628 per sq foot).
The average size of a house on RODING LANE NORTH is 96 sq meters (1,035 sq feet).