£1,230,484
This estimated value is based upon the latest sale price for the house of £710,000 on 24 Jun 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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227 City Road, London, N1 7NA
Phone: 02081155535
| Price Paid | Date |
|---|---|
| £710,000 | 24 Jun 2011 |
| £468,000 | 8 Aug 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 115 sq meters or 1,237 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 2011 the House Price Index for GREATER LONDON was 85.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.308%.Applying this 73.308% change to the original purchase price of £710,000 results in an estimated price of approximately £1,230,484.
| 24 Jun 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.7 | 148.6 | 73.308 % | £710,000 | £520,484 | £1,230,484 |
The Postcode Pricing Model uses changes in average sales price within the N1 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 | 88.049 % | £625,146 | £1,335,146 |
| 3 Month Average | 47.924 % | £340,261 | £1,050,261 |
| 6 Month Average | 58.737 % | £417,030 | £1,127,030 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £1,290,634 | £1,275,000 | FLAT 7 THE FACTORY, 1 NILE STREET |
| 13 Jun 2023 | £814,871 | £805,000 | FLAT 8 THE FACTORY, 1 NILE STREET |
| 8 Jun 2023 | £789,564 | £780,000 | FLAT 6 2 WELLESLEY TERRACE |
| 18 Oct 2022 | £1,305,939 | £1,320,000 | 4 UNDERWOOD ROW |
| 11 Oct 2022 | £1,879,760 | £1,900,000 | LOFT 3 BUILDING 10, 22 SHEPHERDESS WALK |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 24 Feb 2020. Using an estimated price of £1,230,484 means this house is valued at £10,699 per sq meter (£994 per sq foot).
The average size of a house on NILE STREET is 115 sq meters (1,245 sq feet).