£674,404
This estimated value is based upon the latest sale price for the house of £432,995 on 30 May 2014. 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 |
---|---|
£432,995 | 30 May 2014 |
£315,000 | 1 Jun 2007 |
£173,000 | 4 Oct 2001 |
£87,250 | 27 Sep 1996 |
Terraced |
Freehold |
Floor Area: 99 sq meters or 1,065 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 May 2014 the House Price Index for GREATER LONDON was 96.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 55.753%.Applying this 55.753% change to the original purchase price of £432,995 results in an estimated price of approximately £674,404.
30 May 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.1 | 149.7 | 55.753 % | £432,995 | £241,409 | £674,404 |
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 | 48.604 % | £210,451 | £643,446 |
3 Month Average | 48.373 % | £209,450 | £642,445 |
6 Month Average | 49.039 % | £212,334 | £645,329 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Jan 2023 | £817,183 | £815,000 | 27 GREENSTEAD GARDENS |
19 Jan 2023 | £637,704 | £636,000 | 15 GREENSTEAD GARDENS |
18 Jan 2023 | £571,527 | £570,000 | 17 MALDON WALK |
22 Sep 2022 | £319,786 | £320,000 | 20 THE RODINGS SNAKES LANE |
31 May 2022 | £631,451 | £615,000 | 25 GREENSTEAD GARDENS |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 8 Jan 2014. Using an estimated price of £674,404 means this house is valued at £6,812 per sq meter (£632 per sq foot).
The average size of a house on GREENSTEAD GARDENS is 102 sq meters (1,098 sq feet).