£1,040,840
This estimated value is based upon the latest sale price for the house of £780,000 on 21 Oct 2016. 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 |
|---|---|
| £780,000 | 21 Oct 2016 |
| £435,000 | 22 Aug 2008 |
| £107,000 | 31 Jan 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 117 sq meters or 1,259 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 October 2016 the House Price Index for GREATER LONDON was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £780,000 results in an estimated price of approximately £1,040,840.
| 21 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £780,000 | £260,840 | £1,040,840 |
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 | 73.894 % | £576,374 | £1,356,374 |
| 3 Month Average | 28.160 % | £219,651 | £999,651 |
| 6 Month Average | 19.602 % | £152,891 | £932,891 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Nov 2024 | £865,000 | £865,000 | 98 KINGS AVENUE |
| 29 Jul 2024 | £1,100,000 | £1,100,000 | 25 MALVERN DRIVE |
| 26 Jul 2024 | £865,000 | £865,000 | 50 KINGS AVENUE |
| 12 Mar 2024 | £609,362 | £600,000 | 2 COURTWAY |
| 5 Sep 2023 | £1,436,670 | £1,405,000 | 18 MALVERN DRIVE |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 19 May 2016. Using an estimated price of £1,040,840 means this house is valued at £8,896 per sq meter (£826 per sq foot).
The average size of a house on KINGS AVENUE is 158 sq meters (1,706 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Courtway | |
| Aug 2024 | Anti-social behaviour | On or near Courtway | |
| Aug 2024 | Anti-social behaviour | On or near Courtway | |
| Aug 2024 | Anti-social behaviour | On or near Courtway | |
| Oct 2024 | Drugs | Unable to prosecute suspect | On or near Fairway |