£595,246
This estimated value is based upon the latest sale price for the house of £475,000 on 15 Jun 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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734 Romford Road, Manor Park, London, E12 6BT
Phone: 02081664058
| Price Paid | Date |
|---|---|
| £475,000 | 15 Jun 2018 |
| Terraced |
| Freehold |
| Floor Area: 120 sq meters or 1,291 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 June 2018 the House Price Index for GREATER LONDON was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £475,000 results in an estimated price of approximately £595,246.
| 15 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £475,000 | £120,246 | £595,246 |
The Postcode Pricing Model uses changes in average sales price within the E12 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 | -27.668 % | £-131,422 | £343,577 |
| 3 Month Average | -1.248 % | £-5,928 | £469,071 |
| 6 Month Average | 21.847 % | £103,773 | £578,773 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Jun 2024 | £480,000 | £480,000 | 61 FIRST AVENUE |
| 24 Nov 2022 | £423,022 | £425,000 | 122 MEANLEY ROAD |
| 28 Jun 2021 | £491,794 | £455,000 | 41 FIRST AVENUE |
| 9 Mar 2020 | £1,237,620 | £1,020,000 | SECOND AND THIRD FLOOR FLAT 98 EDITH GROVE |
| 6 Jan 2020 | £503,785 | £410,000 | 118 MEANLEY ROAD |
This house has a floor area of 120 sq meters or 1,291 sq feet when measured on 23 Aug 2017. Using an estimated price of £595,246 means this house is valued at £4,960 per sq meter (£460 per sq foot).
The average size of a house on FIRST AVENUE is 108 sq meters (1,166 sq feet).