£784,332
This estimated value is based upon the latest sale price for the house of £500,000 on 11 Apr 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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4 Excel Marina, Western Gateway, London, E16 1AT
Phone: 02081159242
Price Paid | Date |
---|---|
£500,000 | 11 Apr 2014 |
£420,000 | 31 Mar 2006 |
Flats/Maisonettes |
Leasehold |
Floor Area: 91 sq meters or 979 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 April 2014 the House Price Index for GREATER LONDON was 95.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 56.867%.Applying this 56.867% change to the original purchase price of £500,000 results in an estimated price of approximately £784,332.
11 Apr 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.4 | 149.7 | 56.867 % | £500,000 | £284,332 | £784,332 |
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 | 76.069 % | £380,342 | £880,342 |
3 Month Average | 37.376 % | £186,881 | £686,881 |
6 Month Average | 50.453 % | £252,266 | £752,266 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Apr 2024 | £393,416 | £390,000 | FLAT 8 CORAL APARTMENTS, 17 WESTERN GATEWAY |
11 Aug 2023 | £427,714 | £420,000 | FLAT 20 BALEARIC APARTMENTS, 15 WESTERN GATEWAY |
28 Mar 2023 | £40,679 | £40,000 | UNIT G4 EXCEL MARINA |
27 Jan 2023 | £386,031 | £385,000 | FLAT 8 BALEARIC APARTMENTS, 15 WESTERN GATEWAY |
19 Aug 2022 | £346,621 | £345,000 | FLAT 15 MARMARA APARTMENTS, 13 WESTERN GATEWAY |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 1 Jul 2012. Using an estimated price of £784,333 means this house is valued at £8,619 per sq meter (£800 per sq foot).
The average size of a house on WESTERN GATEWAY is 72 sq meters (777 sq feet).