£535,279
This estimated value is based upon the latest sale price for the house of £107,250 on 8 Oct 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 |
|---|---|
| £107,250 | 8 Oct 1997 |
| Terraced |
| Freehold |
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 October 1997 the House Price Index for GREATER LONDON was 30.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 399.095%.Applying this 399.095% change to the original purchase price of £107,250 results in an estimated price of approximately £535,279.
| 8 Oct 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 149.7 | 399.095 % | £107,250 | £428,029 | £535,279 |
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 | 466.356 % | £500,167 | £607,417 |
| 3 Month Average | 384.944 % | £412,852 | £520,102 |
| 6 Month Average | 378.156 % | £405,572 | £512,822 |
| 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 |