£745,032
This estimated value is based upon the latest sale price for the house of £535,000 on 10 Nov 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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49a Butts Green Road, Hornchurch, RM11 2JS
Phone: 01708573204
Price Paid | Date |
---|---|
£535,000 | 10 Nov 2015 |
£499,995 | 5 Feb 2015 |
Detached |
Freehold |
Floor Area: 124 sq meters or 1,334 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 November 2015 the House Price Index for GREATER LONDON was 106.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 39.258%.Applying this 39.258% change to the original purchase price of £535,000 results in an estimated price of approximately £745,032.
10 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
106.7 | 148.6 | 39.258 % | £535,000 | £210,032 | £745,032 |
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 | 83.519 % | £446,826 | £981,826 |
3 Month Average | 22.650 % | £121,177 | £656,177 |
6 Month Average | 15.810 % | £84,581 | £619,581 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Sep 2023 | £546,994 | £540,000 | 250 OSBORNE ROAD |
30 Jun 2023 | £516,253 | £510,000 | 230 OSBORNE ROAD |
9 Jun 2023 | £506,131 | £500,000 | 10 CROMER ROAD |
13 May 2022 | £560,562 | £550,000 | 1 CROMER ROAD |
10 Dec 2021 | £535,689 | £500,000 | 263 OSBORNE ROAD |
This house has a floor area of 124 sq meters or 1,334 sq feet when measured on 7 Mar 2014. Using an estimated price of £745,033 means this house is valued at £6,008 per sq meter (£558 per sq foot).
The average size of a house on CROMER ROAD is 88 sq meters (950 sq feet).