£389,360
This estimated value is based upon the latest sale price for the house of £138,000 on 5 Jul 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Merlin Close
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Office 9, Cedar House, Hainault Business Park, 58 Peregrine Road, Hainault, IG6 3SZ
Phone: 02045162057
| Price Paid | Date |
|---|---|
| £138,000 | 5 Jul 2002 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 July 2002 the House Price Index for GREATER LONDON was 53.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 182.145%.Applying this 182.145% change to the original purchase price of £138,000 results in an estimated price of approximately £389,360.
| 5 Jul 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 53.1 | 149.7 | 182.145 % | £138,000 | £251,360 | £389,360 |
The Postcode Pricing Model uses changes in average sales price within the IG6 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 | 126.905 % | £175,128 | £313,128 |
| 3 Month Average | 189.034 % | £260,866 | £398,866 |
| 6 Month Average | 224.142 % | £309,315 | £447,315 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £470,456 | £456,000 | 47 MARLYON ROAD |
| 6 Nov 2023 | £230,860 | £225,000 | 3 MERLIN CLOSE |
| 15 Sep 2023 | £304,717 | £298,000 | 13 HAWKESBURY CLOSE |
| 15 Mar 2023 | £322,384 | £317,000 | 4 HAWKESBURY CLOSE |
| 10 Feb 2023 | £498,329 | £495,000 | 6 MARLYON ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 4 Dec 2015. Using an estimated price of £389,361 means this house is valued at £5,562 per sq meter (£516 per sq foot).
The average size of a house on KESTREL CLOSE is 100 sq meters (1,086 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Merlin Close |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Merlin Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Merlin Close |
| Aug 2024 | Burglary | Investigation complete; no suspect identified | On or near Merlin Close |
| Jul 2024 | Drugs | Unable to prosecute suspect | On or near Merlin Close |