£515,155
This estimated value is based upon the latest sale price for the house of £480,000 on 24 Sep 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Melville Place
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70 Essex Road, London, N1 8LT
Phone: 02080338978
| Price Paid | Date |
|---|---|
| £480,000 | 24 Sep 2021 |
| £167,500 | 13 Jun 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 74 sq meters or 796 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 September 2021 the House Price Index for GREATER LONDON was 137.9.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 7.324%.Applying this 7.324% change to the original purchase price of £480,000 results in an estimated price of approximately £515,155.
| 24 Sep 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.9 | 148.0 | 7.324 % | £480,000 | £35,155 | £515,155 |
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 | -9.598 % | £-46,071 | £433,928 |
| 3 Month Average | -20.504 % | £-98,421 | £381,578 |
| 6 Month Average | -7.494 % | £-35,970 | £444,029 |
| 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 |
| 13 May 2022 | £609,053 | £600,000 | ALBERT COURT, 21 MELVILLE PLACE |
| 14 Jan 2022 | £401,445 | £383,000 | RICHMOND COURT, 54 MELVILLE PLACE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 6 Feb 2020. Using an estimated price of £515,156 means this house is valued at £6,961 per sq meter (£646 per sq foot).
The average size of a house on MELVILLE PLACE is 66 sq meters (719 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Melville Place |
| Mar 2024 | Theft from the person | Under investigation | On or near Melville Place |
| Mar 2024 | Burglary | Under investigation | On or near Melville Place |
| Mar 2024 | Other theft | Under investigation | On or near Melville Place |
| Feb 2024 | Shoplifting | Under investigation | On or near Melville Place |