£324,948
This estimated value is based upon the latest sale price for the house of £179,000 on 24 Dec 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 |
|---|---|
| £179,000 | 24 Dec 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 December 2008 the House Price Index for GREATER LONDON was 81.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 81.535%.Applying this 81.535% change to the original purchase price of £179,000 results in an estimated price of approximately £324,948.
| 24 Dec 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.9 | 148.6 | 81.535 % | £179,000 | £145,948 | £324,948 |
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 | 98.236 % | £175,842 | £354,842 |
| 3 Month Average | 81.572 % | £146,013 | £325,013 |
| 6 Month Average | 56.273 % | £100,728 | £279,728 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Mar 2024 | £305,000 | £305,000 | FLAT 28 THE OXYGEN, 17 SEAGULL LANE |
| 20 Sep 2023 | £167,137 | £165,000 | FLAT 44 THE OXYGEN, 17 SEAGULL LANE |
| 15 Aug 2023 | £327,868 | £325,000 | FLAT 104 THE OXYGEN, 18 WESTERN GATEWAY |
| 26 Jun 2023 | £480,824 | £475,000 | FLAT 50 THE OXYGEN, 18 WESTERN GATEWAY |
| 9 Jun 2023 | £288,495 | £285,000 | FLAT 26 THE OXYGEN, 17 SEAGULL LANE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 1 May 2019. Using an estimated price of £324,948 means this house is valued at £5,908 per sq meter (£548 per sq foot).
The average size of a house on WESTERN GATEWAY is 72 sq meters (777 sq feet).