£490,916
This estimated value is based upon the latest sale price for the house of £400,000 on 30 Nov 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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503 Katherine Road Forest Gate, London, E7 8DR
Phone: 02080338580
| Price Paid | Date |
|---|---|
| £400,000 | 30 Nov 2018 |
| Terraced |
| Freehold |
| Floor Area: 148 sq meters or 1,593 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 2018 the House Price Index for GREATER LONDON was 120.6.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 22.729%.Applying this 22.729% change to the original purchase price of £400,000 results in an estimated price of approximately £490,916.
| 30 Nov 2018 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.0 | 22.729 % | £400,000 | £90,916 | £490,916 |
The Postcode Pricing Model uses changes in average sales price within the E7 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 | 5.391 % | £21,562 | £421,562 |
| 3 Month Average | 55.280 % | £221,121 | £621,121 |
| 6 Month Average | 35.784 % | £143,136 | £543,136 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Sep 2022 | £291,455 | £295,000 | 161A MONEGA ROAD |
| 25 Aug 2022 | £508,564 | £512,000 | 117 MONEGA ROAD |
| 11 Mar 2022 | £495,398 | £480,000 | 186 MONEGA ROAD |
| 29 Nov 2021 | £592,431 | £550,000 | 121 SHERRARD ROAD |
| 15 Nov 2021 | £538,574 | £500,000 | 100 MONEGA ROAD |
This house has a floor area of 148 sq meters or 1,593 sq feet when measured on 9 Sep 2020. Using an estimated price of £490,916 means this house is valued at £3,317 per sq meter (£308 per sq foot).
The average size of a house on HALLEY ROAD is 107 sq meters (1,152 sq feet).