£609,004
This estimated value is based upon the latest sale price for the house of £300,000 on 24 May 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Wapping Wall, London, E1W 3ST
Phone: 02036415237
| Price Paid | Date |
|---|---|
| £300,000 | 24 May 2004 |
| £249,995 | 19 Oct 2001 |
| Flats/Maisonettes |
| Leasehold |
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 2004 the House Price Index for GREATER LONDON was 73.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 103.002%.Applying this 103.002% change to the original purchase price of £300,000 results in an estimated price of approximately £609,004.
| 24 May 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 73.7 | 149.7 | 103.002 % | £300,000 | £309,004 | £609,004 |
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 | 114.992 % | £344,974 | £644,974 |
| 3 Month Average | 79.914 % | £239,743 | £539,743 |
| 6 Month Average | 97.737 % | £293,209 | £593,209 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 May 2024 | £480,000 | £480,000 | FLAT 75 8 NEW CRANE PLACE |
| 22 Sep 2023 | £485,707 | £475,000 | FLAT 32 4 NEW CRANE PLACE |
| 1 Aug 2023 | £539,735 | £530,000 | FLAT 76 8 NEW CRANE PLACE |
| 7 Feb 2023 | £302,017 | £300,000 | FLAT 57 8 NEW CRANE PLACE |
| 26 Oct 2022 | £803,317 | £806,000 | PARKING SPACE, 20 NEW CRANE PLACE |