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|£625,000||8 Jun 2007|
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 June 2007 the House Price Index for GREATER LONDON was 74.5.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 65.403%.
Applying this 65.403% change to the original purchase price of £625,000 gives us an estimated price now of around £1,033,767.
|8 Jun 2007||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the EC2R 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||-85.257 %||£-532,853||£92,146|
|3 Month Average||20.608 %||£128,801||£753,801|
|6 Month Average||20.608 %||£128,801||£753,801|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In June 2007 the average sale price for the 50 nearest sales within a mile of 7 FLAT 2 LOTHBURY was £438,051.
In September 2020 the average sale price for the 45 nearest sales was £787,367. This is a change of 79.743%.
So taking the original purchase price of £625,000 and adjusting it by 79.743% gives an estimated price of £1,123,395.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 8 Jun 2007||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|31 Jul 2019||£639,152||£627,997||BASEMENT AND GROUND FLOOR PREMISES 10 AUSTIN FRIARS|
|23 Jun 2019||£434,573||£424,732||UNIT 3 125 OLD BROAD STREET|
|1 May 2019||£103,156||£100,000||SIXTH FLOOR 9 CLOAK LANE|
|4 Apr 2019||£422,103,549||£411,500,000||FIRST, SEVENTH AND EIGHTH FLOORS 30 GRESHAM STREET|
|3 Apr 2019||£1,025,768||£1,000,000||21 MOORFIELDS|