BASEMENT FLAT 1, 4, DOWNS ROAD, LONDON, E5 8DD - £467,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

BASEMENT FLAT 1 is a flat, which could now be worth an estimated £476,412. It was last sold for £467,500 in March 2021, which was around 11% below the average March 2021 flat price in the Hackney local authority area.

BASEMENT FLAT 1 Sold Prices

Land registry data shows two sales for BASEMENT FLAT 1 since 1^st January 1995. The below table shows the price paid for the two sales, along with the average flat price in the Hackney local authority area for the corresponding sale date. Both of the two BASEMENT FLAT 1 sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 23 MAR	£467,500	£522,398	11% below HPI
2017 19 JUN	£490,500	£493,447	1% below HPI

What might BASEMENT FLAT 1 be worth now?

BASEMENT FLAT 1 might now be worth an estimated £476,412.

This is based on house price inflation of 1.9%, between March 2021 and April 2026, for flats, in the Hackney local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 1.9% inflationary increase is applied to the most recent sale price for BASEMENT FLAT 1 of £467,500 on 23rd March 2021. For the value to have increased from £467,500 to £476,412 over the four years and eleven months to April 2026, the following assumptions must hold true:

• The value of BASEMENT FLAT 1 has moved in line with the HPI for flats in the Hackney local authority area.
• The March 2021 sale price of £467,500 represented a fair market value for the property.
• The size, condition, and specification of BASEMENT FLAT 1 has not materially changed since March 2021.