£482,848
This estimated value is based upon the latest sale price for the house of £93,500 on 11 Apr 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Somerset Close
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23 Electric Parade, George Lane, South Woodford, E18 2LY
Phone: 02080332383
Price Paid | Date |
---|---|
£93,500 | 11 Apr 1997 |
Flats/Maisonettes |
Leasehold |
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 1997 the House Price Index for GREATER LONDON was 28.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 416.416%.Applying this 416.416% change to the original purchase price of £93,500 results in an estimated price of approximately £482,848.
11 Apr 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
28.4 | 146.7 | 416.416 % | £93,500 | £389,348 | £482,848 |
The Postcode Pricing Model uses changes in average sales price within the E18 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 | 259.215 % | £242,365 | £335,865 |
3 Month Average | 476.490 % | £445,518 | £539,018 |
6 Month Average | 449.733 % | £420,500 | £514,000 |
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Somerset Close |
Jan 2024 | Anti-social behaviour | On or near Avondale Court | |
Jan 2024 | Anti-social behaviour | On or near Avondale Court | |
Jan 2024 | Anti-social behaviour | On or near Avondale Court | |
Dec 2023 | Anti-social behaviour | On or near Avondale Court |