£384,268
This estimated value is based upon the latest sale price for the house of £250,000 on 23 Jun 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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82 Rainham Road, Rainham, RM13 7RJ
Phone: 01708629054
| Price Paid | Date |
|---|---|
| £250,000 | 23 Jun 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 2014 the House Price Index for GREATER LONDON was 96.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 53.707%.Applying this 53.707% change to the original purchase price of £250,000 results in an estimated price of approximately £384,268.
| 23 Jun 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 148.6 | 53.707 % | £250,000 | £134,268 | £384,268 |
The Postcode Pricing Model uses changes in average sales price within the RM13 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 | 12.758 % | £31,896 | £281,896 |
| 3 Month Average | 55.086 % | £137,713 | £387,713 |
| 6 Month Average | 59.323 % | £148,306 | £398,306 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £427,479 | £420,000 | 7 DENHOLME WALK |
| 7 Sep 2023 | £506,476 | £500,000 | 15 SIMPSON ROAD |
| 13 Apr 2023 | £652,020 | £645,000 | 29 SIMPSON ROAD |
| 27 Feb 2023 | £524,647 | £525,000 | 48 RYDER GARDENS |
| 27 Jan 2023 | £484,717 | £487,000 | 23 HUGO GARDENS |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 16 Nov 2013. Using an estimated price of £384,269 means this house is valued at £4,864 per sq meter (£451 per sq foot).
The average size of a house on LOCKE CLOSE is 109 sq meters (1,173 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Simpson Road |