£218,735
This estimated value is based upon the latest sale price for the house of £148,000 on 4 Feb 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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525 Gale Street, Dagenham, RM9 4TP
Phone: 02036414337
Price Paid | Date |
---|---|
£148,000 | 4 Feb 2015 |
£115,000 | 31 Oct 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 46 sq meters or 495 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 February 2015 the House Price Index for GREATER LONDON was 100.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.794%.Applying this 47.794% change to the original purchase price of £148,000 results in an estimated price of approximately £218,735.
4 Feb 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
100.5 | 148.6 | 47.794 % | £148,000 | £70,735 | £218,735 |
The Postcode Pricing Model uses changes in average sales price within the RM9 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 | 52.151 % | £77,184 | £225,184 |
3 Month Average | 35.192 % | £52,084 | £200,084 |
6 Month Average | 48.653 % | £72,006 | £220,006 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Sep 2023 | £430,504 | £425,000 | 352 HEDGEMANS ROAD |
2 Aug 2023 | £600,251 | £595,000 | 38 TALLOW CLOSE |
12 Jul 2023 | £390,252 | £385,000 | 116 TALLOW CLOSE |
28 Feb 2023 | £259,825 | £260,000 | 61 TALLOW CLOSE |
27 Feb 2023 | £259,825 | £260,000 | 51 TALLOW CLOSE |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 9 Oct 2014. Using an estimated price of £218,735 means this house is valued at £4,755 per sq meter (£441 per sq foot).
The average size of a house on TALLOW CLOSE is 67 sq meters (725 sq feet).