£512,671
This estimated value is based upon the latest sale price for the house of £475,000 on 3 Dec 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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223 Barking Road, Newham, E6 1LB
Phone: 02080339367
Price Paid | Date |
---|---|
£475,000 | 3 Dec 2021 |
£119,850 | 23 Feb 2001 |
Terraced |
Freehold |
Floor Area: 120 sq meters or 1,291 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 December 2021 the House Price Index for GREATER LONDON was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £475,000 results in an estimated price of approximately £512,671.
3 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
138.7 | 149.7 | 7.931 % | £475,000 | £37,671 | £512,671 |
The Postcode Pricing Model uses changes in average sales price within the E6 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 | 27.871 % | £132,385 | £607,385 |
3 Month Average | 9.255 % | £43,961 | £518,961 |
6 Month Average | 1.198 % | £5,689 | £480,689 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Nov 2023 | £436,069 | £425,000 | 140 MITCHAM ROAD |
9 Aug 2023 | £459,284 | £451,000 | 41 EUSTACE ROAD |
3 Dec 2021 | £512,671 | £475,000 | 65 EUSTACE ROAD |
13 Aug 2021 | £258,491 | £230,000 | 7 EUSTACE ROAD |
23 Jun 2021 | £356,686 | £330,000 | 170 MITCHAM ROAD |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 12 Nov 2021. Using an estimated price of £512,671 means this house is valued at £4,272 per sq meter (£396 per sq foot).
The average size of a house on EUSTACE ROAD is 93 sq meters (1,011 sq feet).