£641,278
This estimated value is based upon the latest sale price for the house of £625,000 on 7 Nov 2023. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Indescon Square, Lighterman's Road, London, E14 9DQ
Phone: 02077686121
| Price Paid | Date |
|---|---|
| £625,000 | 7 Nov 2023 |
| £650,000 | 30 May 2014 |
| £590,000 | 3 Feb 2011 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 89 sq meters or 957 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 2023 the House Price Index for GREATER LONDON was 145.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.605%.Applying this 2.605% change to the original purchase price of £625,000 results in an estimated price of approximately £641,278.
| 7 Nov 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.9 | 149.7 | 2.605 % | £625,000 | £16,278 | £641,278 |
The Postcode Pricing Model uses changes in average sales price within the E14 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 | -4.135 % | £-25,844 | £599,155 |
| 3 Month Average | 11.406 % | £71,289 | £696,289 |
| 6 Month Average | 11.669 % | £72,928 | £697,928 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Nov 2023 | £641,278 | £625,000 | FLAT 623 DENISON HOUSE, 20 LANTERNS WAY |
| 3 Nov 2023 | £391,949 | £382,000 | FLAT 604 DENISON HOUSE, 20 LANTERNS WAY |
| 1 Nov 2023 | £444,278 | £433,000 | FLAT 316 DENISON HOUSE, 20 LANTERNS WAY |
| 5 Oct 2023 | £397,017 | £388,000 | FLAT 221 DENISON HOUSE, 20 LANTERNS WAY |
| 22 Aug 2023 | £422,622 | £415,000 | FLAT 214 DENISON HOUSE, 20 LANTERNS WAY |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 24 Mar 2021. Using an estimated price of £641,278 means this house is valued at £7,205 per sq meter (£669 per sq foot).
The average size of a house on LANTERNS WAY is 54 sq meters (583 sq feet).