£861,791
This estimated value is based upon the latest sale price for the house of £499,000 on 5 May 2011. 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 Somerset Close
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23 Electric Parade, George Lane, South Woodford, E18 2LY
Phone: 02080332383
| Price Paid | Date |
|---|---|
| £499,000 | 5 May 2011 |
| Terraced |
| Freehold |
| Floor Area: 86 sq meters or 930 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 May 2011 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.704%.Applying this 72.704% change to the original purchase price of £499,000 results in an estimated price of approximately £861,791.
| 5 May 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.704 % | £499,000 | £362,791 | £861,791 |
The Postcode Pricing Model uses changes in average sales price within the IG8 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 | 105.902 % | £528,450 | £1,027,450 |
| 3 Month Average | 89.039 % | £444,305 | £943,305 |
| 6 Month Average | 72.834 % | £363,442 | £862,442 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £355,260 | £350,000 | 12 AVONDALE COURT |
| 16 Nov 2023 | £330,391 | £325,500 | 10 AVONDALE COURT |
| 24 Aug 2022 | £942,463 | £945,000 | 36 CHURCHFIELDS |
| 30 Jun 2022 | £348,931 | £344,000 | 28 AVONDALE COURT |
| 18 May 2022 | £331,241 | £325,000 | FLAT 5 ELMWOOD, 34 CHURCHFIELDS |
This house has a floor area of 86 sq meters or 930 sq feet when measured on 7 Sep 2010. Using an estimated price of £861,792 means this house is valued at £9,974 per sq meter (£926 per sq foot).
The average size of a house on SOMERSET CLOSE is 157 sq meters (1,700 sq feet).
This house is the smallest in the street with a floor area of 86 sq meters (930 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Somerset Close |
| Dec 2023 | Anti-social behaviour | On or near Harold Road | |
| Dec 2023 | Anti-social behaviour | On or near Harold Road | |
| Dec 2023 | Anti-social behaviour | On or near Harold Road | |
| Dec 2023 | Anti-social behaviour | On or near Harold Road |