£477,573
This estimated value is based upon the latest sale price for the house of £370,000 on 20 Jun 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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503 Katherine Road Forest Gate, London, E7 8DR
Phone: 02080338580
| Price Paid | Date |
|---|---|
| £370,000 | 20 Jun 2017 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 June 2017 the House Price Index for GREATER LONDON was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £370,000 results in an estimated price of approximately £477,573.
| 20 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 149.7 | 29.074 % | £370,000 | £107,573 | £477,573 |
The Postcode Pricing Model uses changes in average sales price within the E7 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 | 32.917 % | £121,791 | £491,791 |
| 3 Month Average | 50.061 % | £185,227 | £555,227 |
| 6 Month Average | 55.155 % | £204,073 | £574,073 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2024 | £535,000 | £535,000 | 168 MONEGA ROAD |
| 3 May 2024 | £460,000 | £460,000 | 107 STRONE ROAD |
| 22 Aug 2023 | £458,265 | £450,000 | 165 STRONE ROAD |
| 30 Sep 2022 | £524,650 | £525,000 | 462 KATHERINE ROAD |
| 25 Aug 2022 | £514,405 | £512,000 | 117 MONEGA ROAD |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 29 Apr 2017. Using an estimated price of £477,574 means this house is valued at £5,685 per sq meter (£528 per sq foot).
The average size of a house on STRONE ROAD is 97 sq meters (1,052 sq feet).