£500,345
This estimated value is based upon the latest sale price for the house of £233,500 on 22 Jan 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Pennyfields, London, E14 8HP
Phone: 02036419754
Price Paid | Date |
---|---|
£233,500 | 22 Jan 2004 |
Terraced |
Freehold |
Floor Area: 115 sq meters or 1,237 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 2004 the House Price Index for GREATER LONDON was 69.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 114.281%.Applying this 114.281% change to the original purchase price of £233,500 results in an estimated price of approximately £500,345.
22 Jan 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
69.3 | 148.6 | 114.281 % | £233,500 | £266,845 | £500,345 |
The Postcode Pricing Model uses changes in average sales price within the E14 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 | 112.899 % | £263,618 | £497,118 |
3 Month Average | 76.625 % | £178,919 | £412,419 |
6 Month Average | 90.475 % | £211,259 | £444,759 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Sep 2023 | £683,742 | £675,000 | 8 PEKIN STREET |
8 Feb 2023 | £354,761 | £355,000 | FLAT 406 PASMORE COURT, 26 NEW FESTIVAL AVENUE |
4 Aug 2022 | £473,725 | £475,000 | FLAT 312 CASSON APARTMENTS, 43 UPPER NORTH STREET |
4 Aug 2022 | £483,698 | £485,000 | FLAT 407 CASSON APARTMENTS, 43 UPPER NORTH STREET |
28 Jul 2022 | £541,458 | £540,000 | FLAT 405 MELLOR HOUSE, 57 UPPER NORTH STREET |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 24 Feb 2014. Using an estimated price of £500,346 means this house is valued at £4,350 per sq meter (£404 per sq foot).
The average size of a house on PEKIN STREET is 159 sq meters (1,711 sq feet).
This house is the largest in the street with a floor area of 115 sq meters (1,237 sq feet).