£1,196,285
This estimated value is based upon the latest sale price for the house of £965,000 on 14 Aug 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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534 Chigwell Road, Woodford Green, IG8 8PA
Phone: 02036414329
| Price Paid | Date |
|---|---|
| £965,000 | 14 Aug 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 145 sq meters or 1,560 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 2019 the House Price Index for GREATER LONDON was 120.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.967%.Applying this 23.967% change to the original purchase price of £965,000 results in an estimated price of approximately £1,196,285.
| 14 Aug 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 149.7 | 23.967 % | £965,000 | £231,285 | £1,196,285 |
The Postcode Pricing Model uses changes in average sales price within the IG8 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 | 21.034 % | £202,978 | £1,167,978 |
| 3 Month Average | 17.179 % | £165,776 | £1,130,776 |
| 6 Month Average | 11.109 % | £107,198 | £1,072,198 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Nov 2024 | £865,000 | £865,000 | 98 KINGS AVENUE |
| 29 Jul 2024 | £1,100,000 | £1,100,000 | 25 MALVERN DRIVE |
| 26 Jul 2024 | £865,000 | £865,000 | 50 KINGS AVENUE |
| 22 Apr 2024 | £938,147 | £930,000 | 40 WORCESTER CRESCENT |
| 29 Sep 2023 | £1,753,658 | £1,715,000 | 2 WORCESTER CRESCENT |
This house has a floor area of 145 sq meters or 1,560 sq feet when measured on 9 Feb 2019. Using an estimated price of £1,196,285 means this house is valued at £8,250 per sq meter (£766 per sq foot).
The average size of a house on MALVERN DRIVE is 170 sq meters (1,835 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Criminal damage and arson | Under investigation | On or near Queen'S Avenue |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Queen'S Avenue |
| Aug 2024 | Anti-social behaviour | On or near Courtway | |
| Aug 2024 | Anti-social behaviour | On or near Courtway | |
| Aug 2024 | Anti-social behaviour | On or near Courtway |