£290,000
This estimated value is based upon the latest sale price for the house of £160,000 on 28 Nov 2005. 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 |
|---|---|
| £160,000 | 28 Nov 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 2005 the House Price Index for GREATER LONDON was 82.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 81.250%.Applying this 81.250% change to the original purchase price of £160,000 results in an estimated price of approximately £290,000.
| 28 Nov 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.0 | 148.6 | 81.250 % | £160,000 | £130,000 | £290,000 |
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 | 263.310 % | £421,295 | £581,295 |
| 3 Month Average | 128.757 % | £206,011 | £366,011 |
| 6 Month Average | 146.330 % | £234,127 | £394,127 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2023 | £539,535 | £533,000 | 488 ROMFORD ROAD |
| 28 Jun 2023 | £597,234 | £590,000 | 490 ROMFORD ROAD |
| 17 Mar 2023 | £575,421 | £570,000 | 17 BIRCHDALE ROAD |
| 20 Feb 2023 | £723,513 | £724,000 | 466 ROMFORD ROAD |
| 24 Jan 2023 | £597,187 | £600,000 | 531 ROMFORD ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 25 Feb 2015. Using an estimated price of £290,000 means this house is valued at £3,866 per sq meter (£359 per sq foot).
The average size of a house on ROMFORD ROAD is 78 sq meters (845 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Under investigation | On or near Rosedale Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Rosedale Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Rosedale Road |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Rosedale Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Rosedale Road |