£55,751
This estimated value is based upon the latest sale price for the house of £45,000 on 22 Jun 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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51 Vicarage Lane, London, E15 4HG
Phone: 02080223215
| Price Paid | Date |
|---|---|
| £45,000 | 22 Jun 2018 |
| £770,000 | 6 Apr 2018 |
| Freehold |
| Floor Area: 164 sq meters or 1,765 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 June 2018 the House Price Index for GREATER LONDON was 119.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 23.892%.Applying this 23.892% change to the original purchase price of £45,000 results in an estimated price of approximately £55,751.
| 22 Jun 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.0 | 23.892 % | £45,000 | £10,751 | £55,751 |
The Postcode Pricing Model uses changes in average sales price within the E15 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 | 39.680 % | £17,856 | £62,856 |
| 3 Month Average | -4.092 % | £-1,841 | £43,158 |
| 6 Month Average | 6.786 % | £3,053 | £48,053 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Dec 2023 | £356,749 | £350,000 | FLAT 9 187A ROMFORD ROAD |
| 27 Jul 2023 | £464,393 | £460,000 | 70 MCGRATH ROAD |
| 11 Apr 2023 | £332,471 | £330,000 | 8 DYSON ROAD |
| 1 Jul 2022 | £367,004 | £367,500 | 48 MCGRATH ROAD |
| 30 Jun 2022 | £353,584 | £350,000 | 3 JOHN BARNES WALK |
This house has a floor area of 164 sq meters or 1,765 sq feet when measured on 7 Feb 2017. Using an estimated price of £55,751 means this house is valued at £339 per sq meter (£31 per sq foot).
The average size of a house on MCGRATH ROAD is 106 sq meters (1,142 sq feet).