£624,214
This estimated value is based upon the latest sale price for the house of £500,000 on 27 Jul 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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2b Median Road, Hackney, Clapton, E5 0PL
Phone: 02035448008
| Price Paid | Date |
|---|---|
| £500,000 | 27 Jul 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 49 sq meters or 529 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 July 2018 the House Price Index for GREATER LONDON was 119.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.843%.Applying this 24.843% change to the original purchase price of £500,000 results in an estimated price of approximately £624,214.
| 27 Jul 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 149.7 | 24.843 % | £500,000 | £124,214 | £624,214 |
The Postcode Pricing Model uses changes in average sales price within the E9 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 | -12.031 % | £-60,156 | £439,843 |
| 3 Month Average | 41.161 % | £205,803 | £705,803 |
| 6 Month Average | 24.630 % | £123,150 | £623,150 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Mar 2024 | £519,989 | £512,000 | FLAT 5 14 FURROW LANE |
| 4 Aug 2023 | £417,531 | £410,000 | FLAT 9 17 HOMERTON HIGH STREET |
| 4 Aug 2023 | £195,527 | £192,000 | FLAT 20 ALVARES HOUSE, 5 FURROW LANE |
| 19 Aug 2022 | £577,701 | £575,000 | FLAT 5 ASHWOOD HOUSE, 32 HOMERTON ROW |
| 4 Jul 2022 | £373,745 | £370,000 | FLAT 388 BANISTER HOUSE HOMERTON HIGH STREET |
This house has a floor area of 49 sq meters or 529 sq feet when measured on 4 Apr 2011. Using an estimated price of £624,214 means this house is valued at £12,687 per sq meter (£1,178 per sq foot).
The average size of a house on FURROW LANE is 79 sq meters (856 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Robbery | Under investigation | On or near Furrow Lane |
| Apr 2024 | Theft from the person | Under investigation | On or near Furrow Lane |
| Apr 2024 | Drugs | Under investigation | On or near Ryder Mews |