£724,084
This estimated value is based upon the latest sale price for the house of £450,000 on 17 Jan 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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15 Pennine Parade, Pennine Drive, London, NW2 1NT
Phone: 02080223971
Price Paid | Date |
---|---|
£450,000 | 17 Jan 2014 |
£208,000 | 7 May 1999 |
Terraced |
Freehold |
Floor Area: 124 sq meters or 1,334 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 January 2014 the House Price Index for GREATER LONDON was 93.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.908%.Applying this 60.908% change to the original purchase price of £450,000 results in an estimated price of approximately £724,084.
17 Jan 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.0 | 149.7 | 60.908 % | £450,000 | £274,084 | £724,084 |
The Postcode Pricing Model uses changes in average sales price within the NW11 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 | 33.617 % | £151,274 | £601,274 |
3 Month Average | 62.885 % | £282,984 | £732,984 |
6 Month Average | 34.607 % | £155,731 | £605,731 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
21 May 2024 | £667,500 | £667,500 | 65 HAMILTON ROAD |
15 Dec 2023 | £928,532 | £900,000 | 14 SANDRINGHAM ROAD |
29 Nov 2023 | £743,883 | £725,000 | 56 HAMILTON ROAD |
3 Nov 2023 | £502,762 | £490,000 | 22B SANDRINGHAM ROAD |
7 Sep 2023 | £881,430 | £862,000 | 44 SANDRINGHAM ROAD |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 2 Apr 2013. Using an estimated price of £724,084 means this house is valued at £5,839 per sq meter (£542 per sq foot).
The average size of a house on HAMILTON ROAD is 98 sq meters (1,055 sq feet).