£800,866
This estimated value is based upon the latest sale price for the house of £500,000 on 29 May 2008. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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20 Unit B, Western Gateway, Royal Victoria, Docklands, E16 1BS
Phone: 02080336025
| Price Paid | Date |
|---|---|
| £500,000 | 29 May 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 May 2008 the House Price Index for GREATER LONDON was 93.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 60.173%.Applying this 60.173% change to the original purchase price of £500,000 results in an estimated price of approximately £800,866.
| 29 May 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.5 | 149.7 | 60.173 % | £500,000 | £300,866 | £800,866 |
The Postcode Pricing Model uses changes in average sales price within the E16 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 | 66.518 % | £332,589 | £832,589 |
| 3 Month Average | 27.043 % | £135,213 | £635,213 |
| 6 Month Average | 34.891 % | £174,452 | £674,452 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £453,975 | £447,000 | FLAT 112 THE OXYGEN, 18 WESTERN GATEWAY |
| 17 Nov 2023 | £466,851 | £455,000 | FLAT 38 THE OXYGEN, 18 WESTERN GATEWAY |
| 23 Jun 2023 | £520,429 | £510,000 | FLAT 3 THE OXYGEN, 18 WESTERN GATEWAY |
| 30 Mar 2023 | £315,265 | £310,000 | FLAT 65 THE OXYGEN, 18 WESTERN GATEWAY |
| 1 Mar 2023 | £289,840 | £285,000 | FLAT 13 THE OXYGEN, 18 WESTERN GATEWAY |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 1 Sep 2010. Using an estimated price of £800,867 means this house is valued at £10,821 per sq meter (£1,005 per sq foot).
The average size of a house on WESTERN GATEWAY is 72 sq meters (777 sq feet).