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|£189,500||5 Aug 2003|
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 August 2003 the House Price Index for GREATER LONDON was 58.0.The House Price Index as of 1 Dec 2019 is 123.2 which is a change of 112.276%.
Applying this 112.276% change to the original purchase price of £189,500 gives us an estimated price now of around £402,262.
|5 Aug 2003||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the EC3N 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||471.289 %||£893,092||£1,082,592|
|3 Month Average||268.234 %||£508,302||£697,802|
|6 Month Average||185.588 %||£351,689||£541,189|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In August 2003 the average sale price for the 50 nearest sales within a mile of STATUE HOUSE, 53 - 54 FLAT 2 ALDGATE HIGH STREET was £237,264.
In September 2020 the average sale price for the 44 nearest sales was £777,751. This is a change of 227.800%.
So taking the original purchase price of £189,500 and adjusting it by 227.800% gives an estimated price of £621,180.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 5 Aug 2003||Average price on 29 Sep 2020||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|31 Aug 2019||£184,633,399||£183,000,000||ALDGATE HOUSE, 33 ALDGATE HIGH STREET|
|20 Jun 2019||£4,092,682||£4,000,000||41 MINORIES|
|24 Sep 2018||£170,985||£171,849||BASEMENT PREMISES ST CLARE HOUSE, 30 - 33 MINORIES|
|23 Mar 2018||£464,289||£460,000||FLAT 307 MARLYN LODGE PORTSOKEN STREET|
|20 Mar 2018||£890,728||£882,500||FLAT 14 FENCHURCH HOUSE, 136 - 138 MINORIES|