£354,523
This estimated value is based upon the latest sale price for the house of £285,000 on 15 Jun 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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CEME Innovation Centre, Marsh Way, Rainham, Essex, RM13 8EU
Phone: 01708573593
| Price Paid | Date |
|---|---|
| £285,000 | 15 Jun 2018 |
| Terraced |
| Freehold |
| Floor Area: 66 sq meters or 710 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 June 2018 the House Price Index for GREATER LONDON was 119.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.394%.Applying this 24.394% change to the original purchase price of £285,000 results in an estimated price of approximately £354,523.
| 15 Jun 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 148.6 | 24.394 % | £285,000 | £69,523 | £354,523 |
The Postcode Pricing Model uses changes in average sales price within the RM10 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 | -43.221 % | £-123,178 | £161,821 |
| 3 Month Average | 10.944 % | £31,189 | £316,189 |
| 6 Month Average | 21.966 % | £62,602 | £347,602 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £386,767 | £380,000 | 149 BEAM AVENUE |
| 21 Nov 2023 | £355,260 | £350,000 | 242 OVAL ROAD NORTH |
| 30 Jun 2023 | £290,519 | £287,000 | 221 BEAM AVENUE |
| 28 Apr 2023 | £308,320 | £305,000 | 254 OVAL ROAD NORTH |
| 6 Apr 2023 | £363,918 | £360,000 | 224 OVAL ROAD NORTH |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 4 Oct 2016. Using an estimated price of £354,524 means this house is valued at £5,371 per sq meter (£499 per sq foot).
The average size of a house on OVAL ROAD NORTH is 69 sq meters (750 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Third Avenue |
| Dec 2023 | Drugs | Under investigation | On or near Third Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Beam Avenue |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Beam Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Beam Avenue |