£391,633
This estimated value is based upon the latest sale price for the house of £229,950 on 29 Aug 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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488 Bethnal Green Road, London, E2 0EA
Phone: 02080339016
Price Paid | Date |
---|---|
£229,950 | 29 Aug 2012 |
£213,000 | 8 Apr 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 48 sq meters or 516 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 August 2012 the House Price Index for GREATER LONDON was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.312%.Applying this 70.312% change to the original purchase price of £229,950 results in an estimated price of approximately £391,633.
29 Aug 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.3 | 148.6 | 70.312 % | £229,950 | £161,683 | £391,633 |
The Postcode Pricing Model uses changes in average sales price within the E2 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 | 85.886 % | £197,494 | £427,444 |
3 Month Average | 40.499 % | £93,126 | £323,076 |
6 Month Average | 70.757 % | £162,704 | £392,654 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Nov 2023 | £1,015,027 | £1,000,000 | 465A BETHNAL GREEN ROAD |
31 Mar 2023 | £14,148,295 | £14,015,000 | 490 - 492 BETHNAL GREEN ROAD |
3 Feb 2023 | £399,731 | £400,000 | FLAT 19 NORDEN HOUSE POTT STREET |
26 Oct 2021 | £564,304 | £510,000 | 23 GALES GARDENS |
7 Oct 2020 | £330,809 | £282,000 | FLAT 28 NEWCOURT HOUSE POTT STREET |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 17 Oct 2020. Using an estimated price of £391,633 means this house is valued at £8,159 per sq meter (£757 per sq foot).
The average size of a house on POTT STREET is 59 sq meters (640 sq feet).