£634,556
This estimated value is based upon the latest sale price for the house of £135,000 on 14 Aug 1998. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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G03 Cordage House, 15 Cobblestone Square, London, E1W 3AS
Phone: 02080225574
| Price Paid | Date |
|---|---|
| £135,000 | 14 Aug 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 August 1998 the House Price Index for GREATER LONDON was 31.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 370.042%.Applying this 370.042% change to the original purchase price of £135,000 results in an estimated price of approximately £634,556.
| 14 Aug 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 149.7 | 370.042 % | £135,000 | £499,556 | £634,556 |
The Postcode Pricing Model uses changes in average sales price within the E1W 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 | 286.235 % | £386,417 | £521,417 |
| 3 Month Average | 235.820 % | £318,356 | £453,356 |
| 6 Month Average | 245.305 % | £331,162 | £466,162 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Oct 2023 | £578,131 | £565,000 | 71 DISCOVERY WALK |
| 15 Sep 2023 | £322,100 | £315,000 | 61 WATERMAN WAY |
| 30 Aug 2023 | £305,510 | £300,000 | FLAT 42 REARDON HOUSE REARDON STREET |
| 16 Aug 2023 | £458,265 | £450,000 | 32 DISCOVERY WALK |
| 29 Jun 2022 | £434,283 | £425,000 | FLAT 52 REARDON HOUSE REARDON STREET |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 7 Jul 2020. Using an estimated price of £634,557 means this house is valued at £10,575 per sq meter (£982 per sq foot).
The average size of a house on WELLINGTON TERRACE is 86 sq meters (933 sq feet).