£285,430
This estimated value is based upon the latest sale price for the house of £167,000 on 23 Mar 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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63 Station Road, Upminster, RM14 2SU
Phone: 01708573048
Price Paid | Date |
---|---|
£167,000 | 23 Mar 2012 |
£59,750 | 24 Apr 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 48 sq meters or 519 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 March 2012 the House Price Index for GREATER LONDON was 86.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.916%.Applying this 70.916% change to the original purchase price of £167,000 results in an estimated price of approximately £285,430.
23 Mar 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.9 | 148.6 | 70.916 % | £167,000 | £118,430 | £285,430 |
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 | 219.079 % | £365,861 | £532,861 |
3 Month Average | 101.820 % | £170,039 | £337,039 |
6 Month Average | 63.600 % | £106,212 | £273,212 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £675,000 | £675,000 | 14 MINSTER WAY |
24 Nov 2023 | £695,294 | £685,000 | 16 LEE GARDENS AVENUE |
14 Sep 2023 | £663,483 | £655,000 | 2 MINSTER WAY |
11 Sep 2023 | £318,067 | £314,000 | 26 ASHBY CLOSE |
15 Jul 2022 | £406,093 | £405,000 | 3 HOLME ROAD |
This house has a floor area of 48 sq meters or 519 sq feet when measured on 28 Oct 2011. Using an estimated price of £285,430 means this house is valued at £5,918 per sq meter (£549 per sq foot).
The average size of a house on ASHBY CLOSE is 64 sq meters (699 sq feet).