£563,429
This estimated value is based upon the latest sale price for the house of £450,000 on 1 Dec 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 |
|---|---|
| £450,000 | 1 Dec 2017 |
| £225,000 | 4 Nov 2005 |
| £180,000 | 25 Apr 2005 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 December 2017 the House Price Index for GREATER LONDON was 118.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 25.206%.Applying this 25.206% change to the original purchase price of £450,000 results in an estimated price of approximately £563,429.
| 1 Dec 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.0 | 25.206 % | £450,000 | £113,429 | £563,429 |
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 | 70.030 % | £315,135 | £765,135 |
| 3 Month Average | 53.016 % | £238,573 | £688,573 |
| 6 Month Average | 21.316 % | £95,923 | £545,923 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Apr 2024 | £400,000 | £400,000 | 167 SOUTH ESK ROAD |
| 11 Dec 2023 | £423,003 | £415,000 | 118 STRONE ROAD |
| 7 Jul 2023 | £492,155 | £487,500 | 139 SOUTH ESK ROAD |
| 17 Feb 2023 | £398,117 | £400,000 | 178 STRONE ROAD |
| 17 Jun 2022 | £505,119 | £500,000 | 120 SOUTH ESK ROAD |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 22 Nov 2012. Using an estimated price of £563,429 means this house is valued at £6,191 per sq meter (£575 per sq foot).
The average size of a house on SOUTH ESK ROAD is 85 sq meters (919 sq feet).