£424,302
This estimated value is based upon the latest sale price for the house of £132,500 on 2 Nov 2001. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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503 Katherine Road Forest Gate, London, E7 8DR
Phone: 02080338580
| Price Paid | Date |
|---|---|
| £132,500 | 2 Nov 2001 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 November 2001 the House Price Index for GREATER LONDON was 46.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 220.228%.Applying this 220.228% change to the original purchase price of £132,500 results in an estimated price of approximately £424,302.
| 2 Nov 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.4 | 148.6 | 220.228 % | £132,500 | £291,802 | £424,302 |
The Postcode Pricing Model uses changes in average sales price within the E7 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 | 247.046 % | £327,336 | £459,836 |
| 3 Month Average | 394.002 % | £522,052 | £654,552 |
| 6 Month Average | 342.997 % | £454,471 | £586,971 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £484,236 | £480,000 | 24 DERBY ROAD |
| 15 Mar 2023 | £403,804 | £400,000 | 42 DERBY ROAD |
| 21 Jan 2022 | £436,749 | £415,000 | 36 RUTLAND ROAD |
| 17 Dec 2020 | £504,994 | £440,000 | 45 RUTLAND ROAD |
| 2 Nov 2020 | £208,684 | £180,000 | 73A RUTLAND ROAD |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 7 Jan 2019. Using an estimated price of £424,303 means this house is valued at £4,201 per sq meter (£390 per sq foot).
The average size of a house on RUTLAND ROAD is 96 sq meters (1,039 sq feet).