£274,562
This estimated value is based upon the latest sale price for the house of £175,000 on 9 Aug 2007. 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 |
|---|---|
| £175,000 | 9 Aug 2007 |
| Terraced |
| Freehold |
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 2007 the House Price Index for GREATER LONDON was 94.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.893%.Applying this 56.893% change to the original purchase price of £175,000 results in an estimated price of approximately £274,562.
| 9 Aug 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.7 | 148.6 | 56.893 % | £175,000 | £99,562 | £274,562 |
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 | 98.789 % | £172,880 | £347,880 |
| 3 Month Average | 68.278 % | £119,486 | £294,486 |
| 6 Month Average | 86.538 % | £151,441 | £326,441 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £379,857 | £375,000 | 164 OVAL ROAD SOUTH |
| 24 Feb 2022 | £303,073 | £289,000 | 171 SECOND AVENUE |
| 13 Sep 2021 | £330,821 | £307,000 | 138 OVAL ROAD SOUTH |
| 21 Sep 2020 | £332,467 | £280,000 | 149 SECOND AVENUE |
| 21 Aug 2020 | £383,701 | £320,000 | 145 SECOND AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Oval Road South |