£333,581
This estimated value is based upon the latest sale price for the house of £220,000 on 8 Sep 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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76 West Street, Erith, DA8 1AQ
Phone: 01322352496
Price Paid | Date |
---|---|
£220,000 | 8 Sep 2014 |
£62,500 | 6 Aug 1999 |
£51,000 | 10 Aug 1995 |
Terraced |
Freehold |
Floor Area: 99 sq meters or 1,065 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 September 2014 the House Price Index for GREATER LONDON was 98.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 51.628%.Applying this 51.628% change to the original purchase price of £220,000 results in an estimated price of approximately £333,581.
8 Sep 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
98.7 | 149.7 | 51.628 % | £220,000 | £113,581 | £333,581 |
The Postcode Pricing Model uses changes in average sales price within the DA8 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 | 72.579 % | £159,673 | £379,673 |
3 Month Average | 56.716 % | £124,775 | £344,775 |
6 Month Average | 64.013 % | £140,829 | £360,829 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Oct 2023 | £383,715 | £375,000 | 5 WINIFRED ROAD |
5 Jun 2023 | £352,055 | £345,000 | 7 MAXIMFELDT ROAD |
31 Mar 2023 | £233,906 | £230,000 | 3 MAXIMFELDT ROAD |
26 Jul 2022 | £398,998 | £395,000 | 2 WINIFRED ROAD |
30 Sep 2021 | £379,949 | £350,000 | 19 WINIFRED ROAD |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 19 Apr 2014. Using an estimated price of £333,582 means this house is valued at £3,369 per sq meter (£313 per sq foot).
The average size of a house on WINIFRED ROAD is 81 sq meters (878 sq feet).