£508,490
This estimated value is based upon the latest sale price for the house of £240,000 on 12 Feb 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Oakwood House 414 -422 Hackney Road, Bethnal Green, London, E2 7SY
Phone: 02036414614
| Price Paid | Date |
|---|---|
| £240,000 | 12 Feb 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 69 sq meters or 742 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 February 2004 the House Price Index for GREATER LONDON was 70.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 111.871%.Applying this 111.871% change to the original purchase price of £240,000 results in an estimated price of approximately £508,490.
| 12 Feb 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 70.1 | 148.6 | 111.871 % | £240,000 | £268,490 | £508,490 |
The Postcode Pricing Model uses changes in average sales price within the E2 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 | 192.028 % | £460,866 | £700,866 |
| 3 Month Average | 140.037 % | £336,089 | £576,089 |
| 6 Month Average | 186.169 % | £446,805 | £686,805 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Nov 2023 | £461,837 | £455,000 | 4 LION MILLS |
| 16 Nov 2023 | £583,641 | £575,000 | FLAT 13 MINSTREL COURT TEESDALE CLOSE |
| 18 Aug 2023 | £459,016 | £455,000 | 17 LION MILLS |
| 5 Jul 2023 | £380,116 | £375,000 | 22 LION MILLS |
| 18 Nov 2022 | £493,028 | £499,000 | FLAT 1 406B HACKNEY ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 28 Nov 2019. Using an estimated price of £508,491 means this house is valued at £7,369 per sq meter (£684 per sq foot).
The average size of a house on TEESDALE CLOSE is 91 sq meters (983 sq feet).