£311,360
This estimated value is based upon the latest sale price for the house of £175,000 on 24 Mar 2006. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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498 Roman Road, Bethnal Green, Bow, London, E3 5LU
Phone: 02077686120
| Price Paid | Date |
|---|---|
| £175,000 | 24 Mar 2006 |
| £153,995 | 6 Sep 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 33 sq meters or 355 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 2006 the House Price Index for GREATER LONDON was 84.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 77.920%.Applying this 77.920% change to the original purchase price of £175,000 results in an estimated price of approximately £311,360.
| 24 Mar 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.1 | 149.7 | 77.920 % | £175,000 | £136,360 | £311,360 |
The Postcode Pricing Model uses changes in average sales price within the E3 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 | 37.753 % | £66,067 | £241,067 |
| 3 Month Average | 68.794 % | £120,389 | £295,389 |
| 6 Month Average | 94.096 % | £164,667 | £339,667 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Oct 2023 | £429,761 | £420,000 | FLAT 27 CONNAUGHT WORKS, 251 OLD FORD ROAD |
| 25 Aug 2023 | £417,531 | £410,000 | FLAT 29 CONNAUGHT WORKS, 251 OLD FORD ROAD |
| 25 Aug 2023 | £534,643 | £525,000 | FLAT 41 CONNAUGHT WORKS, 251 OLD FORD ROAD |
| 23 Jun 2023 | £750,031 | £735,000 | 7 WILLOW TREE CLOSE |
| 14 Jun 2023 | £617,372 | £605,000 | 454 OLD FORD ROAD |
This house has a floor area of 33 sq meters or 355 sq feet when measured on 13 Sep 2012. Using an estimated price of £311,361 means this house is valued at £9,435 per sq meter (£876 per sq foot).
The average size of a house on OLD FORD ROAD is 67 sq meters (727 sq feet).