£253,884
This estimated value is based upon the latest sale price for the house of £245,000 on 4 Mar 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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11 Burford Road, Stratford, E15 2ST
Phone: 02080334809
Price Paid | Date |
---|---|
£245,000 | 4 Mar 2022 |
£26,000 | 18 Sep 1995 |
Flats/Maisonettes |
Leasehold |
Floor Area: 38 sq meters or 409 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 March 2022 the House Price Index for GREATER LONDON was 143.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 3.626%.Applying this 3.626% change to the original purchase price of £245,000 results in an estimated price of approximately £253,884.
4 Mar 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
143.4 | 148.6 | 3.626 % | £245,000 | £8,884 | £253,884 |
The Postcode Pricing Model uses changes in average sales price within the E15 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 | 57.856 % | £141,748 | £386,748 |
3 Month Average | -2.645 % | £-6,479 | £238,520 |
6 Month Average | 3.629 % | £8,890 | £253,890 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2022 | £345,811 | £350,000 | 13 TEASEL WAY |
29 Apr 2022 | £278,046 | £270,000 | 29 MEMORIAL AVENUE |
4 Mar 2022 | £253,884 | £245,000 | 8 MEMORIAL AVENUE |
24 Jan 2022 | £250,473 | £238,000 | 27 MEMORIAL AVENUE |
29 Sep 2021 | £344,830 | £320,000 | 42 GERMANDER WAY |
This house has a floor area of 38 sq meters or 409 sq feet when measured on 14 Feb 2018. Using an estimated price of £253,884 means this house is valued at £6,681 per sq meter (£620 per sq foot).
The average size of a house on MEMORIAL AVENUE is 52 sq meters (569 sq feet).