£400,334
This estimated value is based upon the latest sale price for the house of £130,000 on 11 Feb 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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168-170 Hornchurch Road, Hornchurch, RM11 1QH
Phone: 01708954862
| Price Paid | Date |
|---|---|
| £130,000 | 11 Feb 2002 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 2002 the House Price Index for GREATER LONDON was 48.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 207.949%.Applying this 207.949% change to the original purchase price of £130,000 results in an estimated price of approximately £400,334.
| 11 Feb 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 48.3 | 148.6 | 207.949 % | £130,000 | £270,334 | £400,334 |
The Postcode Pricing Model uses changes in average sales price within the RM11 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 | 360.102 % | £468,132 | £598,132 |
| 3 Month Average | 215.184 % | £279,738 | £409,738 |
| 6 Month Average | 182.185 % | £236,840 | £366,840 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £356,233 | £350,000 | 130A PARK LANE |
| 1 Dec 2023 | £10,178 | £10,000 | GROUND FLOOR FLAT 85 PARK LANE |
| 23 Jun 2023 | £423,125 | £418,000 | 149 PARK LANE |
| 24 Mar 2023 | £482,799 | £478,250 | 122 CLYDESDALE ROAD |
| 16 Mar 2023 | £418,947 | £415,000 | 76 PARK LANE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 24 Jun 2021. Using an estimated price of £400,334 means this house is valued at £4,498 per sq meter (£417 per sq foot).
The average size of a house on PARK LANE is 85 sq meters (920 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Park Lane | |
| Jan 2024 | Anti-social behaviour | On or near Park Lane | |
| Jan 2024 | Anti-social behaviour | On or near Park Lane | |
| Jan 2024 | Anti-social behaviour | On or near Maygreen Crescent | |
| Jan 2024 | Anti-social behaviour | On or near Maygreen Crescent |