£450,239
This estimated value is based upon the latest sale price for the house of £385,500 on 26 Nov 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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44 Formosa Street, Maida Vale, London, W9 2JP
Phone: 02081157536
| Price Paid | Date |
|---|---|
| £385,500 | 26 Nov 2020 |
| Leasehold |
| Floor Area: 45 sq meters or 484 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 November 2020 the House Price Index for GREATER LONDON was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £385,500 results in an estimated price of approximately £450,239.
| 26 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £385,500 | £64,739 | £450,239 |
The Postcode Pricing Model uses changes in average sales price within the W9 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 | 13.443 % | £51,823 | £437,323 |
| 3 Month Average | 6.217 % | £23,966 | £409,466 |
| 6 Month Average | 12.214 % | £47,084 | £432,584 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2022 | £472,789 | £475,000 | GROUND FLOOR 44 FORMOSA STREET |
| 9 May 2022 | £590,381 | £575,000 | FLAT B 17 BRISTOL GARDENS |
| 14 Apr 2022 | £1,110,041 | £1,070,000 | FLAT 2 62 WARWICK AVENUE |
| 18 Feb 2022 | £1,262,466 | £1,195,000 | 38 FORMOSA STREET |
| 17 Feb 2022 | £528,229 | £500,000 | 25B FORMOSA STREET |
This house has a floor area of 45 sq meters or 484 sq feet when measured on 1 Mar 2019. Using an estimated price of £450,239 means this house is valued at £10,005 per sq meter (£929 per sq foot).
The average size of a house on FORMOSA STREET is 77 sq meters (829 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Formosa Street | |
| Sep 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Formosa Street |
| Sep 2024 | Anti-social behaviour | On or near Formosa Street | |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Formosa Street |
| Aug 2024 | Anti-social behaviour | On or near Formosa Street |