£662,214
This estimated value is based upon the latest sale price for the house of £540,000 on 9 Oct 2019. 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 |
|---|---|
| £540,000 | 9 Oct 2019 |
| £144,995 | 30 Jun 2000 |
| 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 October 2019 the House Price Index for GREATER LONDON was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £540,000 results in an estimated price of approximately £662,214.
| 9 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £540,000 | £122,214 | £662,214 |
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 | -30.791 % | £-166,273 | £373,726 |
| 3 Month Average | 4.075 % | £22,007 | £562,007 |
| 6 Month Average | 11.862 % | £64,053 | £604,053 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £4,030,521 | £3,960,000 | NORTH THAMES GAS HOLDER STATION SNAKES LANE EAST |
| 1 Sep 2023 | £534,332 | £527,500 | 161 BRACKLEY SQUARE |
| 2 Jun 2023 | £506,131 | £500,000 | 518 CHIGWELL ROAD |
| 29 Jul 2022 | £618,665 | £617,000 | 233 SNAKES LANE EAST |
| 5 Jul 2022 | £550,482 | £549,000 | 494 CHIGWELL ROAD |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 15 May 2018. Using an estimated price of £662,214 means this house is valued at £5,758 per sq meter (£534 per sq foot).
The average size of a house on SNAKES LANE EAST is 80 sq meters (867 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Buxton Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Glastonbury Avenue |