£394,638
This estimated value is based upon the latest sale price for the house of £230,000 on 29 Sep 2006. 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 |
|---|---|
| £230,000 | 29 Sep 2006 |
| Terraced |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 September 2006 the House Price Index for GREATER LONDON was 87.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 71.582%.Applying this 71.582% change to the original purchase price of £230,000 results in an estimated price of approximately £394,638.
| 29 Sep 2006 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.2 | 149.7 | 71.582 % | £230,000 | £164,638 | £394,638 |
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 | 144.401 % | £332,122 | £562,122 |
| 3 Month Average | 135.434 % | £311,498 | £541,498 |
| 6 Month Average | 125.394 % | £288,405 | £518,405 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Sep 2023 | £515,361 | £504,000 | 104 SOUTH ESK ROAD |
| 17 Mar 2023 | £416,963 | £410,000 | 90 BRISTOL ROAD |
| 17 Jun 2022 | £510,921 | £500,000 | 120 SOUTH ESK ROAD |
| 13 Dec 2021 | £464,102 | £430,000 | 52 BRISTOL ROAD |
| 9 Oct 2020 | £644,063 | £545,000 | 55 BRISTOL ROAD |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 21 Feb 2014. Using an estimated price of £394,638 means this house is valued at £3,555 per sq meter (£330 per sq foot).
The average size of a house on BRISTOL ROAD is 89 sq meters (967 sq feet).