£658,842
This estimated value is based upon the latest sale price for the house of £354,000 on 14 Apr 2009. 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 |
|---|---|
| £354,000 | 14 Apr 2009 |
| £340,000 | 27 Jul 2005 |
| Detached |
| Freehold |
| Floor Area: 132 sq meters or 1,431 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 April 2009 the House Price Index for GREATER LONDON was 79.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 86.114%.Applying this 86.114% change to the original purchase price of £354,000 results in an estimated price of approximately £658,842.
| 14 Apr 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 148.6 | 86.114 % | £354,000 | £304,842 | £658,842 |
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 | 87.092 % | £308,304 | £662,304 |
| 3 Month Average | 97.848 % | £346,382 | £700,382 |
| 6 Month Average | 94.935 % | £336,068 | £690,068 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Aug 2023 | £569,986 | £565,000 | 20 GAYNES HILL ROAD |
| 1 Jun 2023 | £326,961 | £323,000 | 3 GREEN WALK |
| 12 Oct 2022 | £538,205 | £544,000 | 10 RODING LANE NORTH |
| 30 Mar 2022 | £388,598 | £375,000 | 7 RODING AVENUE |
| 11 Feb 2022 | £335,582 | £320,000 | FLAT 1 ROTTINGDEAN HOUSE, 2 GAYNES HILL ROAD |
This house has a floor area of 132 sq meters or 1,431 sq feet when measured on 19 Feb 2009. Using an estimated price of £658,842 means this house is valued at £4,954 per sq meter (£460 per sq foot).
The average size of a house on RODING AVENUE is 86 sq meters (933 sq feet).
This house is the largest in the street with a floor area of 132 sq meters (1,431 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Roding Avenue |
| Jan 2024 | Other theft | Under investigation | On or near Gaynes Hill Road |