£667,386
This estimated value is based upon the latest sale price for the house of £650,000 on 19 May 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Apple Business Centre, 43A, Mile End Road, London, IG1 1NR
Phone: 02081289288
| Price Paid | Date |
|---|---|
| £650,000 | 19 May 2022 |
| £517,000 | 31 Mar 2016 |
| £125,750 | 2 Dec 1997 |
| Terraced |
| Freehold |
| Floor Area: 109 sq meters or 1,173 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 2022 the House Price Index for GREATER LONDON was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £650,000 results in an estimated price of approximately £667,386.
| 19 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £650,000 | £17,386 | £667,386 |
The Postcode Pricing Model uses changes in average sales price within the IG1 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 | -20.078 % | £-130,508 | £519,491 |
| 3 Month Average | -24.603 % | £-159,921 | £490,078 |
| 6 Month Average | -14.505 % | £-94,285 | £555,714 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £290,000 | £290,000 | 35A BELMONT ROAD |
| 23 Nov 2023 | £564,325 | £550,000 | 23 BELMONT ROAD |
| 3 Aug 2023 | £833,534 | £818,500 | 71 ALBERT ROAD |
| 19 May 2022 | £667,387 | £650,000 | 113 ALBERT ROAD |
| 23 Jul 2021 | £306,810 | £265,000 | FIRST FLOOR FLAT 23 DALKEITH ROAD |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 27 Mar 2013. Using an estimated price of £667,387 means this house is valued at £6,122 per sq meter (£568 per sq foot).
The average size of a house on ALBERT ROAD is 64 sq meters (696 sq feet).