£391,531
This estimated value is based upon the latest sale price for the house of £225,500 on 11 Nov 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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391 Mile End Road, Bow, E3 4QS
Phone: 02081661739
Price Paid | Date |
---|---|
£225,500 | 11 Nov 2011 |
£194,000 | 19 May 2006 |
£124,500 | 26 Jul 2000 |
Flats/Maisonettes |
Leasehold |
Floor Area: 38 sq meters or 409 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 November 2011 the House Price Index for GREATER LONDON was 86.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.628%.Applying this 73.628% change to the original purchase price of £225,500 results in an estimated price of approximately £391,531.
11 Nov 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.2 | 149.7 | 73.628 % | £225,500 | £166,031 | £391,531 |
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 | 39.615 % | £89,332 | £314,832 |
3 Month Average | 50.044 % | £112,848 | £338,348 |
6 Month Average | 66.332 % | £149,578 | £375,078 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2024 | £1,294,895 | £1,275,000 | 56 CLINTON ROAD |
14 Feb 2023 | £1,208,070 | £1,200,000 | 11 ALLOWAY ROAD |
8 Nov 2022 | £1,234,229 | £1,240,000 | 61 CLINTON ROAD |
30 Sep 2022 | £424,716 | £425,000 | FLAT 3 52 GROVE ROAD |
31 Mar 2022 | £657,678 | £630,000 | 11A LICHFIELD ROAD |
This house has a floor area of 38 sq meters or 409 sq feet when measured on 10 Jun 2021. Using an estimated price of £391,532 means this house is valued at £10,303 per sq meter (£957 per sq foot).
The average size of a house on GROVE ROAD is 76 sq meters (822 sq feet).