£306,294
This estimated value is based upon the latest sale price for the house of £125,000 on 5 Feb 2003. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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CEME Innovation Centre, Marsh Way, Rainham, Essex, RM13 8EU
Phone: 01708573593
| Price Paid | Date |
|---|---|
| £125,000 | 5 Feb 2003 |
| £67,995 | 5 Mar 1999 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 707 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 2003 the House Price Index for GREATER LONDON was 60.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 145.035%.Applying this 145.035% change to the original purchase price of £125,000 results in an estimated price of approximately £306,294.
| 5 Feb 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.6 | 148.6 | 145.035 % | £125,000 | £181,294 | £306,294 |
The Postcode Pricing Model uses changes in average sales price within the RM10 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 | 198.721 % | £248,401 | £373,401 |
| 3 Month Average | 145.680 % | £182,100 | £307,100 |
| 6 Month Average | 178.216 % | £222,769 | £347,769 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Feb 2022 | £303,073 | £289,000 | 171 SECOND AVENUE |
| 24 Aug 2021 | £363,691 | £326,000 | 115 SECOND AVENUE |
| 20 Oct 2020 | £329,636 | £281,000 | 136 SECOND AVENUE |
| 21 Sep 2020 | £332,467 | £280,000 | 149 SECOND AVENUE |
| 21 Aug 2020 | £383,701 | £320,000 | 145 SECOND AVENUE |
This house has a floor area of 65 sq meters or 707 sq feet when measured on 1 Mar 2010. Using an estimated price of £306,294 means this house is valued at £4,659 per sq meter (£432 per sq foot).
The average size of a house on OVAL ROAD SOUTH is 69 sq meters (751 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Oval Road South |