£416,460
This estimated value is based upon the latest sale price for the house of £250,000 on 23 Aug 2013. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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16 Tree Road, London, E16 3DZ
Phone: 02080225466
| Price Paid | Date |
|---|---|
| £250,000 | 23 Aug 2013 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 August 2013 the House Price Index for GREATER LONDON was 89.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 66.584%.Applying this 66.584% change to the original purchase price of £250,000 results in an estimated price of approximately £416,460.
| 23 Aug 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.9 | 149.7 | 66.584 % | £250,000 | £166,460 | £416,460 |
The Postcode Pricing Model uses changes in average sales price within the E16 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 | 126.727 % | £316,817 | £566,817 |
| 3 Month Average | 53.075 % | £132,688 | £382,688 |
| 6 Month Average | 57.760 % | £144,400 | £394,400 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Sep 2021 | £390,805 | £360,000 | 20 RICHARD HOUSE DRIVE |
| 28 Jun 2021 | £416,134 | £385,000 | 34 RICHARD HOUSE DRIVE |
| 24 Nov 2020 | £537,250 | £460,000 | 21 RICHARD HOUSE DRIVE |
| 17 Jan 2020 | £479,210 | £390,000 | 70 RICHARD HOUSE DRIVE |
| 10 Jan 2020 | £479,210 | £390,000 | 9 EMERALD CLOSE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 24 May 2013. Using an estimated price of £416,460 means this house is valued at £5,949 per sq meter (£552 per sq foot).
The average size of a house on RICHARD HOUSE DRIVE is 65 sq meters (706 sq feet).