£854,386
This estimated value is based upon the latest sale price for the house of £498,249 on 17 Jul 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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40 Church Lane, East Finchley, London, N2 8DT
Phone: 02036414284
Price Paid | Date |
---|---|
£498,249 | 17 Jul 2012 |
£350,000 | 5 Nov 2004 |
£350,000 | 5 Nov 2004 |
Terraced |
Freehold |
Floor Area: 78 sq meters or 849 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 July 2012 the House Price Index for GREATER LONDON was 87.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.478%.Applying this 71.478% change to the original purchase price of £498,249 results in an estimated price of approximately £854,386.
17 Jul 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.3 | 149.7 | 71.478 % | £498,249 | £356,137 | £854,386 |
The Postcode Pricing Model uses changes in average sales price within the N2 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 | -9.737 % | £-48,516 | £449,732 |
3 Month Average | 27.564 % | £137,338 | £635,587 |
6 Month Average | 107.179 % | £534,015 | £1,032,264 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Oct 2023 | £740,826 | £724,000 | 405 LONG LANE |
31 Aug 2023 | £753,592 | £740,000 | 16 NEW TRINITY ROAD |
14 Aug 2023 | £865,612 | £850,000 | 37 ELMFIELD ROAD |
8 Aug 2023 | £773,959 | £760,000 | 12 ELMFIELD ROAD |
8 Aug 2023 | £812,148 | £797,500 | 31 ELMFIELD ROAD |
This house has a floor area of 78 sq meters or 849 sq feet when measured on 24 Jan 2012. Using an estimated price of £854,387 means this house is valued at £10,825 per sq meter (£1,005 per sq foot).
The average size of a house on ELMFIELD ROAD is 102 sq meters (1,099 sq feet).