£419,381
This estimated value is based upon the latest sale price for the house of £225,000 on 1 Feb 2005. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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176/177 Forest Lane, London, E7 9BB
Phone: 02034637505
| Price Paid | Date |
|---|---|
| £225,000 | 1 Feb 2005 |
| Terraced |
| Freehold |
| Floor Area: 97 sq meters or 1,048 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 February 2005 the House Price Index for GREATER LONDON was 79.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 86.392%.Applying this 86.392% change to the original purchase price of £225,000 results in an estimated price of approximately £419,381.
| 1 Feb 2005 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.4 | 148.0 | 86.392 % | £225,000 | £194,381 | £419,381 |
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 | 127.329 % | £286,489 | £511,489 |
| 3 Month Average | 194.549 % | £437,736 | £662,736 |
| 6 Month Average | 160.689 % | £361,549 | £586,549 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Nov 2022 | £452,660 | £460,000 | 45 TOWER HAMLETS ROAD |
| 27 Jul 2022 | £484,345 | £485,000 | 19 MAGPIE CLOSE |
| 4 Jul 2022 | £304,588 | £305,000 | 23 MAGPIE CLOSE |
| 18 May 2022 | £578,601 | £570,000 | 115 WELLINGTON ROAD |
| 26 Mar 2021 | £288,240 | £260,000 | 21 MAGPIE CLOSE |
This house has a floor area of 97 sq meters or 1,048 sq feet when measured on 26 Nov 2010. Using an estimated price of £419,381 means this house is valued at £4,306 per sq meter (£400 per sq foot).
The average size of a house on TOWER HAMLETS ROAD is 81 sq meters (880 sq feet).