£522,752
This estimated value is based upon the latest sale price for the house of £103,000 on 8 Aug 1997. 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 |
---|---|
£103,000 | 8 Aug 1997 |
Semi-Detached |
Freehold |
Floor Area: 105 sq meters or 1,130 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 August 1997 the House Price Index for GREATER LONDON was 29.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 407.526%.Applying this 407.526% change to the original purchase price of £103,000 results in an estimated price of approximately £522,752.
8 Aug 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
29.5 | 149.7 | 407.526 % | £103,000 | £419,752 | £522,752 |
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 | 344.714 % | £355,055 | £458,055 |
3 Month Average | 368.362 % | £379,412 | £482,412 |
6 Month Average | 370.312 % | £381,421 | £484,421 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Aug 2023 | £575,378 | £565,000 | 20 GAYNES HILL ROAD |
1 Jun 2023 | £329,605 | £323,000 | 3 GREEN WALK |
12 Oct 2022 | £542,189 | £544,000 | 10 RODING LANE NORTH |
30 Mar 2022 | £391,475 | £375,000 | 7 RODING AVENUE |
11 Feb 2022 | £338,066 | £320,000 | FLAT 1 ROTTINGDEAN HOUSE, 2 GAYNES HILL ROAD |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 20 Jun 2014. Using an estimated price of £522,752 means this house is valued at £4,978 per sq meter (£462 per sq foot).
The average size of a house on GAYNES HILL ROAD is 110 sq meters (1,193 sq feet).