£345,388
This estimated value is based upon the latest sale price for the house of £125,000 on 16 Aug 2002. 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 |
---|---|
£125,000 | 16 Aug 2002 |
£48,000 | 30 Aug 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 58 sq meters or 624 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 2002 the House Price Index for GREATER LONDON was 54.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 176.311%.Applying this 176.311% change to the original purchase price of £125,000 results in an estimated price of approximately £345,388.
16 Aug 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
54.2 | 149.7 | 176.311 % | £125,000 | £220,388 | £345,388 |
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 | 140.907 % | £176,133 | £301,133 |
3 Month Average | 136.417 % | £170,521 | £295,521 |
6 Month Average | 145.614 % | £182,017 | £307,017 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Oct 2023 | £1,023,240 | £1,000,000 | 4 WHEELER CLOSE |
30 Mar 2023 | £284,755 | £280,000 | 5 ELM COURT LOVE LANE |
3 Mar 2023 | £300,010 | £295,000 | 1 LOVE LANE |
6 Jan 2023 | £285,764 | £285,000 | 10 ELM COURT LOVE LANE |
28 Nov 2022 | £303,580 | £305,000 | 17 WALLERS CLOSE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 20 Jul 2020. Using an estimated price of £345,388 means this house is valued at £5,954 per sq meter (£553 per sq foot).
The average size of a house on LOVE LANE is 87 sq meters (940 sq feet).