£389,908
This estimated value is based upon the latest sale price for the house of £230,000 on 22 Aug 2008. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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16 Tree Road, London, E16 3DZ
Phone: 02080225466
| Price Paid | Date |
|---|---|
| £230,000 | 22 Aug 2008 |
| Terraced |
| Freehold |
| Floor Area: 72 sq meters or 775 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 2008 the House Price Index for GREATER LONDON was 88.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 69.526%.Applying this 69.526% change to the original purchase price of £230,000 results in an estimated price of approximately £389,908.
| 22 Aug 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.3 | 149.7 | 69.526 % | £230,000 | £159,908 | £389,908 |
The Postcode Pricing Model uses changes in average sales price within the E16 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 | 119.963 % | £275,914 | £505,914 |
| 3 Month Average | 29.778 % | £68,489 | £298,489 |
| 6 Month Average | 32.430 % | £74,590 | £304,590 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £319,828 | £310,000 | 22 ALESTAN BECK ROAD |
| 22 Sep 2023 | £501,045 | £490,000 | 4 BROADGATE ROAD |
| 31 Aug 2023 | £341,153 | £335,000 | 17 ALESTAN BECK ROAD |
| 17 Mar 2023 | £513,577 | £505,000 | 2 HIGH MEADS ROAD |
| 30 Jan 2023 | £315,844 | £315,000 | 16 ALESTAN BECK ROAD |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 20 Feb 2013. Using an estimated price of £389,909 means this house is valued at £5,415 per sq meter (£503 per sq foot).
The average size of a house on BROADGATE ROAD is 106 sq meters (1,150 sq feet).