£395,470
This estimated value is based upon the latest sale price for the house of £320,000 on 18 Dec 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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534 Chigwell Road, Woodford Green, IG8 8PA
Phone: 02036414329
| Price Paid | Date |
|---|---|
| £320,000 | 18 Dec 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 2019 the House Price Index for GREATER LONDON was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £320,000 results in an estimated price of approximately £395,470.
| 18 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £320,000 | £75,470 | £395,470 |
The Postcode Pricing Model uses changes in average sales price within the IG8 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 | 29.373 % | £93,993 | £413,993 |
| 3 Month Average | 14.463 % | £46,281 | £366,281 |
| 6 Month Average | 14.614 % | £46,764 | £366,764 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £234,224 | £230,000 | 12 CHAPELMOUNT ROAD |
| 3 Mar 2023 | £300,010 | £295,000 | 1 LOVE LANE |
| 24 Feb 2023 | £402,690 | £400,000 | 3 CHAPELMOUNT ROAD |
| 28 Nov 2022 | £303,580 | £305,000 | 17 WALLERS CLOSE |
| 27 Jun 2022 | £311,662 | £305,000 | 11 LOVE LANE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 11 May 2017. Using an estimated price of £395,471 means this house is valued at £6,277 per sq meter (£583 per sq foot).
The average size of a house on CROSS ROAD is 85 sq meters (922 sq feet).
This house is the smallest in the street with a floor area of 63 sq meters (678 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Love Lane |
| Nov 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Chapelmount Road |