£1,734
This estimated value is based upon the latest sale price for the house of £1,500 on 18 Dec 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2 Whitchurch Parade, Whitchurch Lane, Edgeware, HA8 6LR
Phone: 02036414425
| Price Paid | Date |
|---|---|
| £1,500 | 18 Dec 2020 |
| £22,000 | 14 Oct 2016 |
| Freehold |
| Floor Area: 47 sq meters or 512 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 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £1,500 results in an estimated price of approximately £1,734.
| 18 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £1,500 | £234 | £1,734 |
The Postcode Pricing Model uses changes in average sales price within the HA8 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 | 67.815 % | £1,017 | £2,517 |
| 3 Month Average | 41.171 % | £617 | £2,117 |
| 6 Month Average | 17.441 % | £261 | £1,761 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £384,767 | £375,000 | 33 MEAD ROAD |
| 31 Aug 2023 | £402,255 | £395,000 | 29 MEAD ROAD |
| 29 Aug 2023 | £463,357 | £455,000 | 37 MEAD ROAD |
| 6 Jun 2023 | £163,272 | £160,000 | 18A WHITCHURCH LANE |
| 17 Feb 2023 | £342,286 | £340,000 | 34 HANDEL WAY |
This house has a floor area of 47 sq meters or 512 sq feet when measured on 22 Sep 2010. Using an estimated price of £1,734 means this house is valued at £36 per sq meter (£3 per sq foot).
The average size of a house on HANDEL WAY is 64 sq meters (689 sq feet).