£489,671
This estimated value is based upon the latest sale price for the house of £395,000 on 14 Aug 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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47 Mile End Road, E1 4TT
Phone: 02080222781
| Price Paid | Date |
|---|---|
| £395,000 | 14 Aug 2019 |
| £250,000 | 16 Apr 2007 |
| £116,000 | 6 Oct 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 2019 the House Price Index for GREATER LONDON was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £395,000 results in an estimated price of approximately £489,671.
| 14 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £395,000 | £94,671 | £489,671 |
The Postcode Pricing Model uses changes in average sales price within the E1 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 | -25.147 % | £-99,330 | £295,669 |
| 3 Month Average | -5.733 % | £-22,646 | £372,353 |
| 6 Month Average | -1.927 % | £-7,611 | £387,388 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 May 2024 | £570,000 | £570,000 | 6 CLEVELAND GROVE |
| 24 Apr 2024 | £337,935 | £335,000 | FLAT 9 MONTGOMERY LODGE, 3 CLEVELAND GROVE |
| 28 Apr 2023 | £331,195 | £325,000 | FLAT 4 28 CLEVELAND WAY |
| 5 Apr 2023 | £285,337 | £280,000 | FLAT 4 MONTGOMERY LODGE, 3 CLEVELAND GROVE |
| 17 Mar 2023 | £498,322 | £490,000 | 27 CLEVELAND WAY |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 25 Nov 2019. Using an estimated price of £489,671 means this house is valued at £6,528 per sq meter (£606 per sq foot).
The average size of a house on CLEVELAND WAY is 62 sq meters (668 sq feet).