£495,732
This estimated value is based upon the latest sale price for the house of £300,000 on 28 Mar 2013. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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450 Romford Road, Forest Gate, E7 8DF
Phone: 02036411080
| Price Paid | Date |
|---|---|
| £300,000 | 28 Mar 2013 |
| Terraced |
| Freehold |
| Floor Area: 32 sq meters or 349 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 March 2013 the House Price Index for GREATER LONDON was 88.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 65.244%.Applying this 65.244% change to the original purchase price of £300,000 results in an estimated price of approximately £495,732.
| 28 Mar 2013 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.8 | 146.7 | 65.244 % | £300,000 | £195,732 | £495,732 |
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 | 177.955 % | £533,865 | £833,865 |
| 3 Month Average | 101.992 % | £305,975 | £605,975 |
| 6 Month Average | 122.123 % | £366,369 | £666,369 |
This house has a floor area of 32 sq meters or 349 sq feet when measured on 30 Sep 2010.
The average size of a house on CLAREMONT ROAD is 144 sq meters (1,555 sq feet).
This house is the smallest in the street with a floor area of 32 sq meters (349 sq feet).