£486,216
This estimated value is based upon the latest sale price for the house of £480,000 on 1 Sep 2023. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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728a Green Lanes, Dagenham, RM8 1YX
Phone: 02077682197
Price Paid | Date |
---|---|
£480,000 | 1 Sep 2023 |
£199,995 | 29 Jul 2005 |
Terraced |
Freehold |
Floor Area: 116 sq meters or 1,252 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 September 2023 the House Price Index for GREATER LONDON was 146.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.295%.Applying this 1.295% change to the original purchase price of £480,000 results in an estimated price of approximately £486,216.
1 Sep 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.7 | 148.6 | 1.295 % | £480,000 | £6,216 | £486,216 |
The Postcode Pricing Model uses changes in average sales price within the RM8 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 | 52.088 % | £250,024 | £730,024 |
3 Month Average | 29.879 % | £143,418 | £623,418 |
6 Month Average | 13.112 % | £62,939 | £542,939 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Sep 2023 | £486,217 | £480,000 | 124 STEVENS ROAD |
14 Feb 2023 | £449,697 | £450,000 | 96 STEVENS ROAD |
25 Mar 2022 | £336,785 | £325,000 | 262 BECONTREE AVENUE |
14 Dec 2021 | £401,766 | £375,000 | 33 STEVENS ROAD |
17 Sep 2021 | £248,924 | £231,000 | 283 BECONTREE AVENUE |
This house has a floor area of 116 sq meters or 1,252 sq feet when measured on 3 Feb 2009. Using an estimated price of £486,217 means this house is valued at £4,179 per sq meter (£388 per sq foot).
The average size of a house on STEVENS ROAD is 90 sq meters (969 sq feet).