£403,892
This estimated value is based upon the latest sale price for the house of £92,500 on 16 Jul 1999. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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534 Chigwell Road, Woodford Green, IG8 8PA
Phone: 02036414329
| Price Paid | Date |
|---|---|
| £92,500 | 16 Jul 1999 |
| £60,000 | 17 Oct 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 59 sq meters or 645 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 July 1999 the House Price Index for GREATER LONDON was 34.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 336.640%.Applying this 336.640% change to the original purchase price of £92,500 results in an estimated price of approximately £403,892.
| 16 Jul 1999 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.3 | 149.7 | 336.640 % | £92,500 | £311,392 | £403,892 |
The Postcode Pricing Model uses changes in average sales price within the IG8 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 | 389.672 % | £360,446 | £452,946 |
| 3 Month Average | 372.582 % | £344,638 | £437,138 |
| 6 Month Average | 359.964 % | £332,966 | £425,466 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Jan 2023 | £300,804 | £300,000 | 5A REX PARADE |
| 20 Jun 2022 | £383,191 | £375,000 | 8A JUBILEE PARADE |
| 10 Jun 2022 | £183,932 | £180,000 | 5A JUBILEE MARKET |
| 27 Apr 2022 | £318,489 | £307,000 | 9A JUBILEE PARADE |
| 23 Feb 2022 | £1,106,111 | £1,047,000 | 48 KINGS AVENUE |
This house has a floor area of 59 sq meters or 645 sq feet when measured on 2 Jun 2010. Using an estimated price of £403,892 means this house is valued at £6,734 per sq meter (£625 per sq foot).
The average size of a house on MADEIRA GROVE is 90 sq meters (976 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Madeira Grove |
| Oct 2024 | Anti-social behaviour | On or near Madeira Grove | |
| Oct 2024 | Anti-social behaviour | On or near Madeira Grove | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Madeira Grove |
| Oct 2024 | Anti-social behaviour | On or near Madeira Grove |