£355,160
This estimated value is based upon the latest sale price for the house of £225,000 on 12 Feb 2008. 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 |
|---|---|
| £225,000 | 12 Feb 2008 |
| Terraced |
| Leasehold |
| Floor Area: 71 sq meters or 768 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 February 2008 the House Price Index for GREATER LONDON was 94.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 57.849%.Applying this 57.849% change to the original purchase price of £225,000 results in an estimated price of approximately £355,160.
| 12 Feb 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.8 | 149.7 | 57.849 % | £225,000 | £130,160 | £355,160 |
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 | 68.983 % | £155,212 | £380,212 |
| 3 Month Average | 73.582 % | £165,560 | £390,560 |
| 6 Month Average | 64.025 % | £144,056 | £369,056 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £361,096 | £350,000 | 63 FINCHINGFIELD AVENUE |
| 13 Oct 2023 | £424,645 | £415,000 | 3 ROXWELL WAY |
| 1 Sep 2023 | £608,412 | £595,000 | 57 FINCHINGFIELD AVENUE |
| 25 Aug 2023 | £519,367 | £510,000 | 78 FINCHINGFIELD AVENUE |
| 23 Jun 2023 | £627,577 | £615,000 | 54 FINCHINGFIELD AVENUE |
This house has a floor area of 71 sq meters or 768 sq feet when measured on 23 Jun 2011. Using an estimated price of £355,160 means this house is valued at £4,977 per sq meter (£462 per sq foot).
The average size of a house on FINCHINGFIELD AVENUE is 90 sq meters (971 sq feet).