£281,882
This estimated value is based upon the latest sale price for the house of £86,000 on 5 Sep 2001. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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471 Romford Road, Forest Gate, London, E7 8AB
Phone: 02080335952
| Price Paid | Date |
|---|---|
| £86,000 | 5 Sep 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 September 2001 the House Price Index for GREATER LONDON was 45.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 227.771%.Applying this 227.771% change to the original purchase price of £86,000 results in an estimated price of approximately £281,882.
| 5 Sep 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.3 | 148.6 | 227.771 % | £86,000 | £195,882 | £281,882 |
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 | 589.331 % | £506,824 | £592,824 |
| 3 Month Average | 316.836 % | £272,478 | £358,478 |
| 6 Month Average | 347.612 % | £298,945 | £384,945 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Aug 2023 | £605,295 | £600,000 | 54 TYLNEY ROAD |
| 23 Jun 2023 | £237,881 | £235,000 | 218 SEBERT ROAD |
| 10 Mar 2023 | £832,846 | £825,000 | 70 RIDLEY ROAD |
| 29 Mar 2022 | £745,643 | £719,550 | 18 RIDLEY ROAD |
| 21 Dec 2021 | £567,830 | £530,000 | 42 RIDLEY ROAD |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 4 Dec 2019. Using an estimated price of £281,883 means this house is valued at £5,318 per sq meter (£494 per sq foot).
The average size of a house on SEBERT ROAD is 108 sq meters (1,164 sq feet).