£220,122
This estimated value is based upon the latest sale price for the house of £43,000 on 25 Jul 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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40 Orford Road, London, E17 9NJ
Phone: 02077680484
Price Paid | Date |
---|---|
£43,000 | 25 Jul 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 39 sq meters or 419 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 July 1997 the House Price Index for GREATER LONDON was 29.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 411.913%.Applying this 411.913% change to the original purchase price of £43,000 results in an estimated price of approximately £220,122.
25 Jul 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
29.2 | 149.7 | 411.913 % | £43,000 | £177,122 | £220,122 |
The Postcode Pricing Model uses changes in average sales price within the E17 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 | 554.033 % | £238,234 | £281,234 |
3 Month Average | 617.019 % | £265,318 | £308,318 |
6 Month Average | 607.423 % | £261,191 | £304,191 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Sep 2023 | £332,326 | £325,000 | FLAT 1 28 WEST AVENUE |
11 Aug 2023 | £1,196,582 | £1,175,000 | 2 EAST AVENUE |
26 Apr 2023 | £988,489 | £970,000 | 66 ORFORD ROAD |
20 Jan 2023 | £458,726 | £457,500 | 4 GRESHAM LODGE ORFORD ROAD |
25 Aug 2022 | £452,114 | £450,000 | FLAT 2 89 ORFORD ROAD |
This house has a floor area of 39 sq meters or 419 sq feet when measured on 8 Aug 2019. Using an estimated price of £220,123 means this house is valued at £5,644 per sq meter (£524 per sq foot).
The average size of a house on WEST AVENUE is 54 sq meters (588 sq feet).