£648,079
This estimated value is based upon the latest sale price for the house of £500,000 on 24 Mar 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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121 Richmond Road, Hackney, E8 3NJ
Phone: 02045163511
| Price Paid | Date |
|---|---|
| £500,000 | 24 Mar 2017 |
| £375,000 | 20 Dec 2012 |
| £316,500 | 30 Sep 2011 |
| £175,000 | 11 Jan 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 March 2017 the House Price Index for GREATER LONDON was 114.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 29.616%.Applying this 29.616% change to the original purchase price of £500,000 results in an estimated price of approximately £648,079.
| 24 Mar 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 148.6 | 29.616 % | £500,000 | £148,079 | £648,079 |
The Postcode Pricing Model uses changes in average sales price within the E8 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 | -58.684 % | £-293,418 | £206,581 |
| 3 Month Average | -5.660 % | £-28,302 | £471,697 |
| 6 Month Average | 11.112 % | £55,557 | £555,557 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £392,816 | £387,000 | FLAT 3 29 HORTON ROAD |
| 6 Sep 2023 | £693,872 | £685,000 | 43 CASTERTON STREET |
| 4 Aug 2023 | £605,295 | £600,000 | FLAT D 266 RICHMOND ROAD |
| 17 Feb 2023 | £1,748,823 | £1,750,000 | VERNON HALL FLORFIELD ROAD |
| 20 Jan 2023 | £597,187 | £600,000 | FLAT 270A RICHMOND ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 17 Oct 2016. Using an estimated price of £648,080 means this house is valued at £9,672 per sq meter (£898 per sq foot).
The average size of a house on READING LANE is 73 sq meters (790 sq feet).