£616,469
This estimated value is based upon the latest sale price for the house of £464,444 on 24 Nov 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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7 Grand Parade, Wembley Park, Wembley, HA9 9JS
Phone: 02080225156
| Price Paid | Date |
|---|---|
| £464,444 | 24 Nov 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 78 sq meters or 839 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 2016 the House Price Index for GREATER LONDON was 112.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 32.733%.Applying this 32.733% change to the original purchase price of £464,444 results in an estimated price of approximately £616,469.
| 24 Nov 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 149.7 | 32.733 % | £464,444 | £152,025 | £616,469 |
The Postcode Pricing Model uses changes in average sales price within the HA9 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 | -24.398 % | £-113,312 | £351,131 |
| 3 Month Average | -18.055 % | £-83,853 | £380,590 |
| 6 Month Average | 12.926 % | £60,034 | £524,478 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2022 | £612,138 | £615,000 | FLAT 119 CAMBIUM HOUSE PALACE ARTS WAY |
| 11 Aug 2022 | £381,283 | £379,500 | FLAT 12 CAMBIUM HOUSE PALACE ARTS WAY |
| 31 May 2022 | £374,763 | £365,000 | FLAT 93 CAMBIUM HOUSE PALACE ARTS WAY |
| 27 May 2022 | £359,362 | £350,000 | FLAT 8 CAMBIUM HOUSE PALACE ARTS WAY |
| 31 Mar 2022 | £498,478 | £477,500 | FLAT 113 CAMBIUM HOUSE PALACE ARTS WAY |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 3 Oct 2016. Using an estimated price of £616,470 means this house is valued at £7,903 per sq meter (£734 per sq foot).
The average size of a house on PALACE ARTS WAY is 59 sq meters (635 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Empire Way |
| Aug 2024 | Anti-social behaviour | On or near Empire Way | |
| Aug 2024 | Bicycle theft | Investigation complete; no suspect identified | On or near Empire Way |
| Aug 2024 | Anti-social behaviour | On or near Empire Way | |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Empire Way |