£385,456
This estimated value is based upon the latest sale price for the house of £340,000 on 12 Nov 2021. 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 |
---|---|
£340,000 | 12 Nov 2021 |
£184,500 | 14 Mar 2012 |
£113,750 | 31 May 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 54 sq meters or 590 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 November 2021 the House Price Index for GREATER LONDON was 92.0.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 13.370%.Applying this 13.370% change to the original purchase price of £340,000 results in an estimated price of approximately £385,456.
12 Nov 2021 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
92.0 | 104.3 | 13.370 % | £340,000 | £45,456 | £385,456 |
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 | -4.175 % | £-14,196 | £325,803 |
3 Month Average | -10.632 % | £-36,148 | £303,851 |
6 Month Average | 10.439 % | £35,492 | £375,492 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Dec 2024 | £505,509 | £490,000 | 11 GAINSBOROUGH ROAD |
28 Oct 2024 | £437,622 | £420,000 | 2 STONEYCROFT ROAD |
23 Aug 2024 | £525,176 | £500,000 | 26 STONEYCROFT ROAD |
18 Dec 2023 | £422,141 | £393,000 | 22 STONEYCROFT ROAD |
8 Nov 2023 | £459,518 | £430,000 | 13 WALTHAM ROAD |
This house has a floor area of 54 sq meters or 590 sq feet when measured on 25 Jun 2010. Using an estimated price of £385,457 means this house is valued at £7,027 per sq meter (£652 per sq foot).
The average size of a house on GAINSBOROUGH ROAD is 84 sq meters (905 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2025 | Violence and sexual offences | Under investigation | On or near Gainsborough Road |
Mar 2025 | Drugs | Under investigation | On or near Gainsborough Road |
Apr 2025 | Burglary | Under investigation | On or near Supermarket |
Mar 2025 | Violence and sexual offences | Under investigation | On or near Supermarket |
Mar 2025 | Violence and sexual offences | Under investigation | On or near Supermarket |