£579,364
This estimated value is based upon the latest sale price for the house of £475,000 on 6 Jan 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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960 Eastern Ave, Newbury Park, Essex, IG2 7JD
Phone: 02080333132
Price Paid | Date |
---|---|
£475,000 | 6 Jan 2020 |
Terraced |
Freehold |
Floor Area: 121 sq meters or 1,302 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 2020 the House Price Index for GREATER LONDON was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £475,000 results in an estimated price of approximately £579,364.
6 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.8 | 148.6 | 21.971 % | £475,000 | £104,364 | £579,364 |
The Postcode Pricing Model uses changes in average sales price within the IG2 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 | 11.286 % | £53,609 | £528,609 |
3 Month Average | -43.606 % | £-207,127 | £267,872 |
6 Month Average | -3.268 % | £-15,524 | £459,475 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £222,849 | £220,000 | 32 ST PETERS CLOSE |
11 Aug 2023 | £252,206 | £250,000 | 6 ST PETERS CLOSE |
25 Jun 2021 | £498,910 | £465,000 | 244 OAKS LANE |
24 Jun 2021 | £627,661 | £585,000 | 525 ALDBOROUGH ROAD NORTH |
19 Nov 2020 | £504,319 | £435,000 | 242 OAKS LANE |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 26 Jul 2019. Using an estimated price of £579,364 means this house is valued at £4,788 per sq meter (£444 per sq foot).
The average size of a house on OAKS LANE is 86 sq meters (925 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near St Peters Close |