£550,990
This estimated value is based upon the latest sale price for the house of £349,500 on 31 May 2007. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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New Providence Wharf, London, E14 9PW
Phone: 02081153317
| Price Paid | Date |
|---|---|
| £349,500 | 31 May 2007 |
| £302,000 | 3 Jun 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 47 sq meters or 511 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 May 2007 the House Price Index for GREATER LONDON was 93.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 57.651%.Applying this 57.651% change to the original purchase price of £349,500 results in an estimated price of approximately £550,990.
| 31 May 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 146.7 | 57.651 % | £349,500 | £201,490 | £550,990 |
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 | 28.062 % | £98,077 | £447,577 |
| 3 Month Average | 35.432 % | £123,833 | £473,333 |
| 6 Month Average | 43.272 % | £151,236 | £500,736 |
This house has a floor area of 47 sq meters or 511 sq feet when measured on 25 Aug 2010.
The average size of a house on FAIRMONT AVENUE is 63 sq meters (686 sq feet).