£795,545
This estimated value is based upon the latest sale price for the house of £670,000 on 15 Sep 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There have been two burglaries within the last year on or near Gunmakers Lane
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447 Roman Road, London, E3 5LX
Phone: 02036418145
| Price Paid | Date |
|---|---|
| £670,000 | 15 Sep 2020 |
| £256,000 | 15 Oct 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 105 sq meters or 1,130 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 September 2020 the House Price Index for GREATER LONDON was 125.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 18.738%.Applying this 18.738% change to the original purchase price of £670,000 results in an estimated price of approximately £795,545.
| 15 Sep 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 125.1 | 148.6 | 18.738 % | £670,000 | £125,545 | £795,545 |
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 | 46.130 % | £309,068 | £979,068 |
| 3 Month Average | -21.025 % | £-140,866 | £529,133 |
| 6 Month Average | 10.450 % | £70,014 | £740,014 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Sep 2023 | £572,318 | £565,000 | FLAT 3 ARTILLERY HOUSE, 6 BARGE LANE |
| 1 Sep 2023 | £790,102 | £780,000 | FLAT 23 VERMILION APARTMENTS, 16 GUNMAKERS LANE |
| 25 Aug 2023 | £413,618 | £410,000 | FLAT 29 CONNAUGHT WORKS, 251 OLD FORD ROAD |
| 23 Jun 2023 | £744,012 | £735,000 | 7 WILLOW TREE CLOSE |
| 14 Jun 2023 | £612,418 | £605,000 | 454 OLD FORD ROAD |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 24 May 2019. Using an estimated price of £795,546 means this house is valued at £7,576 per sq meter (£703 per sq foot).
The average size of a house on GUNMAKERS LANE is 65 sq meters (710 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Gunmakers Lane |
| Mar 2024 | Other theft | Under investigation | On or near Gunmakers Lane |
| Mar 2024 | Burglary | Under investigation | On or near Gunmakers Lane |
| Feb 2024 | Vehicle crime | Under investigation | On or near Gunmakers Lane |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Gunmakers Lane |