£672,837
This estimated value is based upon the latest sale price for the house of £399,950 on 20 Oct 2006. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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70 Essex Road, London, N1 8LT
Phone: 02080338978
| Price Paid | Date |
|---|---|
| £399,950 | 20 Oct 2006 |
| £325,000 | 5 Jul 2002 |
| £165,000 | 23 May 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 2006 the House Price Index for GREATER LONDON was 88.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 68.230%.Applying this 68.230% change to the original purchase price of £399,950 results in an estimated price of approximately £672,837.
| 20 Oct 2006 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.0 | 148.0 | 68.230 % | £399,950 | £272,887 | £672,837 |
The Postcode Pricing Model uses changes in average sales price within the N1 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 | 113.723 % | £454,836 | £854,786 |
| 3 Month Average | 82.892 % | £331,525 | £731,475 |
| 6 Month Average | 98.172 % | £392,638 | £792,588 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Mar 2024 | £652,203 | £650,000 | 20B TIBBERTON SQUARE |
| 24 Feb 2023 | £348,352 | £350,000 | WESTMINSTER COURT, 48 MELVILLE PLACE |
| 7 Nov 2022 | £801,995 | £815,000 | ALBERT COURT, 24 MELVILLE PLACE |
| 22 Jul 2022 | £584,211 | £585,000 | 20C TIBBERTON SQUARE |
| 13 May 2022 | £609,053 | £600,000 | ALBERT COURT, 21 MELVILLE PLACE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 14 Aug 2015. Using an estimated price of £672,837 means this house is valued at £9,894 per sq meter (£919 per sq foot).
The average size of a house on MELVILLE PLACE is 66 sq meters (719 sq feet).