£397,000
This estimated value is based upon the latest sale price for the house of £249,999 on 20 Jul 2007. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2 Hale Lane, London, NW7 3NX
Phone: 02081282041
| Price Paid | Date |
|---|---|
| £249,999 | 20 Jul 2007 |
| £215,000 | 27 Apr 2007 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 July 2007 the House Price Index for GREATER LONDON was 94.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.801%.Applying this 58.801% change to the original purchase price of £249,999 results in an estimated price of approximately £397,000.
| 20 Jul 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.3 | 149.7 | 58.801 % | £249,999 | £147,001 | £397,000 |
The Postcode Pricing Model uses changes in average sales price within the HA8 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 | 88.581 % | £221,452 | £471,451 |
| 3 Month Average | 106.669 % | £266,672 | £516,671 |
| 6 Month Average | 79.585 % | £198,962 | £448,961 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Sep 2022 | £337,275 | £337,500 | 59 WOLSEY GROVE |
| 21 Jul 2022 | £444,453 | £440,000 | 50 HORSECROFT ROAD |
| 14 Apr 2022 | £482,401 | £465,000 | 14 MILLING ROAD |
| 16 Feb 2022 | £458,502 | £434,000 | 97 ABBOTS ROAD |
| 10 Feb 2022 | £472,765 | £447,500 | 13 WOLSEY GROVE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 12 Jan 2018. Using an estimated price of £397,001 means this house is valued at £5,925 per sq meter (£550 per sq foot).
The average size of a house on MILLING ROAD is 75 sq meters (817 sq feet).