£585,213
This estimated value is based upon the latest sale price for the house of £320,000 on 17 Dec 2008. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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57 Bow Road, London, E3 2AD
Phone: 02034783596
| Price Paid | Date |
|---|---|
| £320,000 | 17 Dec 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 December 2008 the House Price Index for GREATER LONDON was 81.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 82.879%.Applying this 82.879% change to the original purchase price of £320,000 results in an estimated price of approximately £585,213.
| 17 Dec 2008 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.9 | 149.7 | 82.879 % | £320,000 | £265,213 | £585,213 |
The Postcode Pricing Model uses changes in average sales price within the E3 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 | 86.819 % | £277,820 | £597,820 |
| 3 Month Average | 98.212 % | £314,277 | £634,277 |
| 6 Month Average | 75.047 % | £240,151 | £560,151 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Sep 2021 | £573,181 | £528,000 | FLAT 5 3 WELLINGTON WAY |
| 28 Sep 2021 | £497,191 | £458,000 | 12 ELLISON APARTMENTS MERCHANT STREET |
| 30 Nov 2020 | £408,777 | £350,000 | 11 ELLISON APARTMENTS MERCHANT STREET |
| 20 Mar 2020 | £424,673 | £350,000 | FLAT 9 SIVA COURT, 2B WELLINGTON WAY |
| 20 Feb 2020 | £425,229 | £345,000 | FLAT 8 SIVA COURT, 2B WELLINGTON WAY |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 1 Nov 2018. Using an estimated price of £585,213 means this house is valued at £7,700 per sq meter (£715 per sq foot).
The average size of a house on MERCHANT STREET is 61 sq meters (665 sq feet).