£88,477
This estimated value is based upon the latest sale price for the house of £87,000 on 24 Mar 2023. 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 |
|---|---|
| £87,000 | 24 Mar 2023 |
| £198,000 | 28 Mar 2014 |
| Freehold |
| Floor Area: 49 sq meters or 527 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 March 2023 the House Price Index for GREATER LONDON was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £87,000 results in an estimated price of approximately £88,477.
| 24 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £87,000 | £1,477 | £88,477 |
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 | -41.831 % | £-36,392 | £50,607 |
| 3 Month Average | -22.328 % | £-19,425 | £67,574 |
| 6 Month Average | -18.470 % | £-16,069 | £70,930 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Sep 2023 | £295,514 | £289,000 | 98C WINDSOR ROAD |
| 1 Sep 2023 | £347,664 | £340,000 | FLAT C 506 ROMFORD ROAD |
| 25 Aug 2023 | £371,704 | £365,000 | 140A WINDSOR ROAD |
| 28 Apr 2023 | £428,005 | £420,000 | 27 QUAKERS PLACE |
| 24 Mar 2023 | £88,478 | £87,000 | 571 ROMFORD ROAD |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 23 Feb 2013. Using an estimated price of £88,478 means this house is valued at £1,805 per sq meter (£167 per sq foot).
The average size of a house on ROMFORD ROAD is 78 sq meters (845 sq feet).