£389,485
This estimated value is based upon the latest sale price for the house of £123,000 on 13 Dec 2001. 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 |
|---|---|
| £123,000 | 13 Dec 2001 |
| Terraced |
| Freehold |
| Floor Area: 94 sq meters or 1,011 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 2001 the House Price Index for GREATER LONDON was 46.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 216.655%.Applying this 216.655% change to the original purchase price of £123,000 results in an estimated price of approximately £389,485.
| 13 Dec 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.9 | 148.6 | 216.655 % | £123,000 | £266,485 | £389,485 |
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 | 464.312 % | £571,104 | £694,104 |
| 3 Month Average | 281.704 % | £346,495 | £469,495 |
| 6 Month Average | 327.250 % | £402,517 | £525,517 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Aug 2023 | £453,971 | £450,000 | 165 STRONE ROAD |
| 28 Jul 2023 | £420,662 | £415,000 | 197 STRONE ROAD |
| 17 Feb 2023 | £399,731 | £400,000 | 178 STRONE ROAD |
| 20 May 2022 | £540,178 | £530,000 | 186 STRONE ROAD |
| 11 Mar 2022 | £497,406 | £480,000 | 186 MONEGA ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 23 Sep 2013. Using an estimated price of £389,486 means this house is valued at £4,143 per sq meter (£384 per sq foot).
The average size of a house on STRONE ROAD is 97 sq meters (1,052 sq feet).