£311,379
This estimated value is based upon the latest sale price for the house of £130,500 on 16 May 2003. 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 |
---|---|
£130,500 | 16 May 2003 |
£91,000 | 30 Jun 2000 |
£67,500 | 17 Mar 2000 |
Flats/Maisonettes |
Leasehold |
Floor Area: 42 sq meters or 452 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 2003 the House Price Index for GREATER LONDON was 62.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 138.605%.Applying this 138.605% change to the original purchase price of £130,500 results in an estimated price of approximately £311,379.
16 May 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
62.7 | 149.7 | 138.605 % | £130,500 | £180,879 | £311,379 |
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 | 114.312 % | £149,176 | £279,676 |
3 Month Average | 130.267 % | £169,998 | £300,498 |
6 Month Average | 125.308 % | £163,526 | £294,026 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Aug 2023 | £575,378 | £565,000 | 20 GAYNES HILL ROAD |
16 Jun 2023 | £408,180 | £400,000 | 605 CHIGWELL ROAD |
1 Jun 2023 | £329,605 | £323,000 | 3 GREEN WALK |
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 42 sq meters or 452 sq feet when measured on 11 Dec 2015. Using an estimated price of £311,380 means this house is valued at £7,413 per sq meter (£688 per sq foot).
The average size of a house on OAK WOOD CLOSE is 54 sq meters (590 sq feet).
This house is the smallest in the street with a floor area of 42 sq meters (452 sq feet).