This estimated value is based upon the latest sale price for the house of £695,000 on 8 Jan 2010. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£695,000||8 Jan 2010|
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 January 2010 the House Price Index for GREATER LONDON was 70.8.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 74.086%.
Applying this 74.086% change to the original purchase price of £695,000 gives us an estimated price now of around £1,209,897.
|8 Jan 2010||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||-83.229 %||£-578,442||£116,557|
|3 Month Average||37.193 %||£258,490||£953,490|
|6 Month Average||37.193 %||£258,490||£953,490|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In January 2010 the average sale price for the 50 nearest sales within two miles of 7 FLAT 7 LOTHBURY was £429,426.
In September 2020 the average sale price for the 45 nearest sales was £787,367. This is a change of 83.353%.
So taking the original purchase price of £695,000 and adjusting it by 83.353% gives an estimated price of £1,274,305.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 8 Jan 2010||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|