£616,154
This estimated value is based upon the latest sale price for the house of £500,000 on 11 Oct 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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38 The Broadway, Elm Park, RM12 4RN
Phone: 01708573583
| Price Paid | Date |
|---|---|
| £500,000 | 11 Oct 2018 |
| Terraced |
| Freehold |
| Floor Area: 146 sq meters or 1,571 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 October 2018 the House Price Index for GREATER LONDON was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £500,000 results in an estimated price of approximately £616,154.
| 11 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £500,000 | £116,154 | £616,154 |
The Postcode Pricing Model uses changes in average sales price within the RM12 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 | 10.278 % | £51,390 | £551,390 |
| 3 Month Average | 21.228 % | £106,139 | £606,139 |
| 6 Month Average | 17.330 % | £86,651 | £586,651 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Feb 2023 | £214,855 | £215,000 | 33 DIBAN COURT |
| 19 Jan 2023 | £447,890 | £450,000 | 49 SPRING GARDENS |
| 22 Jul 2022 | £651,754 | £650,000 | 124 DIBAN AVENUE |
| 14 Jul 2022 | £92,248 | £92,000 | 34 THE BROADWAY |
| 25 Feb 2022 | £482,399 | £460,000 | 44 MAYLANDS AVENUE |
This house has a floor area of 146 sq meters or 1,571 sq feet when measured on 17 May 2017. Using an estimated price of £616,155 means this house is valued at £4,220 per sq meter (£392 per sq foot).
The average size of a house on SPRING GARDENS is 100 sq meters (1,079 sq feet).
This house is the largest in the street with a floor area of 146 sq meters (1,571 sq feet).