£629,893
This estimated value is based upon the latest sale price for the house of £135,000 on 21 Aug 1998. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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120 North Street, Hornchurch, RM11 1SU
Phone: 02081150913
| Price Paid | Date |
|---|---|
| £135,000 | 21 Aug 1998 |
| Terraced |
| Freehold |
| Floor Area: 96 sq meters or 1,033 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 August 1998 the House Price Index for GREATER LONDON was 31.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 366.588%.Applying this 366.588% change to the original purchase price of £135,000 results in an estimated price of approximately £629,893.
| 21 Aug 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 148.6 | 366.588 % | £135,000 | £494,893 | £629,893 |
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 | 567.535 % | £766,172 | £901,172 |
| 3 Month Average | 330.971 % | £446,811 | £581,811 |
| 6 Month Average | 275.066 % | £371,338 | £506,338 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Sep 2023 | £546,994 | £540,000 | 250 OSBORNE ROAD |
| 30 Jun 2023 | £516,253 | £510,000 | 230 OSBORNE ROAD |
| 9 Jun 2023 | £506,131 | £500,000 | 10 CROMER ROAD |
| 13 May 2022 | £560,562 | £550,000 | 1 CROMER ROAD |
| 10 Dec 2021 | £535,689 | £500,000 | 263 OSBORNE ROAD |
This house has a floor area of 96 sq meters or 1,033 sq feet when measured on 26 May 2021. Using an estimated price of £629,894 means this house is valued at £6,561 per sq meter (£609 per sq foot).
The average size of a house on CROMER ROAD is 88 sq meters (950 sq feet).