£568,945
This estimated value is based upon the latest sale price for the house of £485,000 on 16 Oct 2020. 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 |
|---|---|
| £485,000 | 16 Oct 2020 |
| £459,709 | 14 Nov 2016 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 2020 the House Price Index for GREATER LONDON was 126.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 17.308%.Applying this 17.308% change to the original purchase price of £485,000 results in an estimated price of approximately £568,945.
| 16 Oct 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 126.7 | 148.6 | 17.308 % | £485,000 | £83,945 | £568,945 |
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 | -28.624 % | £-138,828 | £346,171 |
| 3 Month Average | 3.537 % | £17,152 | £502,152 |
| 6 Month Average | 16.052 % | £77,850 | £562,850 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £4,030,521 | £3,960,000 | NORTH THAMES GAS HOLDER STATION SNAKES LANE EAST |
| 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 |
| 24 Feb 2022 | £660,678 | £630,000 | 18 GLASTONBURY AVENUE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 16 Apr 2018. Using an estimated price of £568,945 means this house is valued at £7,294 per sq meter (£677 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 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Glastonbury Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Buxton Close |