£724,021
This estimated value is based upon the latest sale price for the house of £550,000 on 31 Jan 2017. 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 |
|---|---|
| £550,000 | 31 Jan 2017 |
| £392,500 | 1 Nov 2012 |
| £143,000 | 29 Jul 1998 |
| £92,500 | 18 Oct 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 2017 the House Price Index for GREATER LONDON was 113.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 31.640%.Applying this 31.640% change to the original purchase price of £550,000 results in an estimated price of approximately £724,021.
| 31 Jan 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 113.7 | 149.7 | 31.640 % | £550,000 | £174,021 | £724,021 |
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 | 11.657 % | £64,112 | £614,112 |
| 3 Month Average | 15.352 % | £84,435 | £634,435 |
| 6 Month Average | 12.412 % | £68,267 | £618,267 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jan 2023 | £637,704 | £636,000 | 15 GREENSTEAD GARDENS |
| 19 Jan 2023 | £817,183 | £815,000 | 27 GREENSTEAD GARDENS |
| 18 Jan 2023 | £571,527 | £570,000 | 17 MALDON WALK |
| 27 Oct 2022 | £612,953 | £615,000 | 8 RAYLEIGH ROAD |
| 31 May 2022 | £631,451 | £615,000 | 25 GREENSTEAD GARDENS |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 13 Jul 2012. Using an estimated price of £724,021 means this house is valued at £8,135 per sq meter (£755 per sq foot).
The average size of a house on DANBURY WAY is 108 sq meters (1,167 sq feet).