£282,355
This estimated value is based upon the latest sale price for the house of £275,000 on 18 May 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Pennyfields, London, E14 8HP
Phone: 02036419754
| Price Paid | Date |
|---|---|
| £275,000 | 18 May 2022 |
| £235,000 | 20 Sep 2021 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 462 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 2022 the House Price Index for GREATER LONDON was 145.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.675%.Applying this 2.675% change to the original purchase price of £275,000 results in an estimated price of approximately £282,355.
| 18 May 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.8 | 149.7 | 2.675 % | £275,000 | £7,355 | £282,355 |
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 | -28.778 % | £-79,139 | £195,860 |
| 3 Month Average | 5.262 % | £14,469 | £289,469 |
| 6 Month Average | -12.515 % | £-34,416 | £240,583 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Jun 2024 | £400,000 | £400,000 | 68 SARACEN STREET |
| 8 Mar 2024 | £198,043 | £195,000 | FLAT 6 OVERSTONE HOUSE EAST INDIA DOCK ROAD |
| 1 Sep 2023 | £690,215 | £675,000 | 8 PEKIN STREET |
| 10 Feb 2023 | £201,345 | £200,000 | FLAT 17 STANLEY HOUSE SARACEN STREET |
| 9 Feb 2023 | £276,849 | £275,000 | FLAT 9 PUSEY HOUSE SARACEN STREET |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 26 Jun 2021. Using an estimated price of £282,356 means this house is valued at £6,566 per sq meter (£610 per sq foot).
The average size of a house on SARACEN STREET is 66 sq meters (716 sq feet).