£578,463
This estimated value is based upon the latest sale price for the house of £465,000 on 28 Sep 2018. 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 |
|---|---|
| £465,000 | 28 Sep 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 September 2018 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.401%.Applying this 24.401% change to the original purchase price of £465,000 results in an estimated price of approximately £578,463.
| 28 Sep 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.401 % | £465,000 | £113,463 | £578,463 |
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 | 5.917 % | £27,513 | £492,513 |
| 3 Month Average | 8.879 % | £41,286 | £506,286 |
| 6 Month Average | 7.462 % | £34,699 | £499,699 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £701,557 | £680,000 | 28 FINCHINGFIELD AVENUE |
| 8 Dec 2023 | £361,096 | £350,000 | 63 FINCHINGFIELD AVENUE |
| 15 Aug 2023 | £779,051 | £765,000 | 75 BRACKLEY SQUARE |
| 4 Aug 2023 | £672,122 | £660,000 | 107 BRACKLEY SQUARE |
| 29 Jul 2022 | £623,245 | £617,000 | 233 SNAKES LANE EAST |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 5 Sep 2018. Using an estimated price of £578,463 means this house is valued at £7,230 per sq meter (£671 per sq foot).
The average size of a house on FINCHINGFIELD AVENUE is 90 sq meters (971 sq feet).