BASEMENT FLAT 1, 4, DOWNS ROAD, LONDON, E5 8DS - £450,000

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 £539,751. It was last sold for £450,000 in October 2014, which was around 1% above the average October 2014 flat price in the Hackney local authority area.

BASEMENT FLAT 1 Sold Prices

Land registry data shows three sales for BASEMENT FLAT 1 since 1^st January 1995. The below table shows the price paid for the three sales, along with the average flat price in the Hackney local authority area for the corresponding sale date. One of the three BASEMENT FLAT 1 sales was for above the average price, whilst two 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
2014 24 OCT	£450,000	£443,835	1% above HPI
2010 30 APR	£240,000	£277,209	13% below HPI
2008 9 DEC	£232,000	£277,654	16% below HPI

What might BASEMENT FLAT 1 be worth now?

BASEMENT FLAT 1 might now be worth an estimated £539,751.

This is based on house price inflation of 19.9%, between October 2014 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 19.9% inflationary increase is applied to the most recent sale price for BASEMENT FLAT 1 of £450,000 on 24th October 2014. For the value to have increased from £450,000 to £539,751 over the twelve years and six 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 October 2014 sale price of £450,000 represented a fair market value for the property.
• The size, condition, and specification of BASEMENT FLAT 1 has not materially changed since October 2014.