£462,116
This estimated value is based upon the latest sale price for the house of £375,000 on 8 Oct 2018. 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 |
|---|---|
| £375,000 | 8 Oct 2018 |
| Terraced |
| Freehold |
| Floor Area: 115 sq meters or 1,237 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 October 2018 the House Price Index for GREATER LONDON was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £375,000 results in an estimated price of approximately £462,116.
| 8 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.231 % | £375,000 | £87,116 | £462,116 |
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 | 1.029 % | £3,859 | £378,859 |
| 3 Month Average | 12.775 % | £47,905 | £422,905 |
| 6 Month Average | 18.727 % | £70,226 | £445,226 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 12 Jan 2023 | £119,437 | £120,000 | 72 TALLOW CLOSE |
This house has a floor area of 115 sq meters or 1,237 sq feet when measured on 10 May 2018. Using an estimated price of £462,116 means this house is valued at £4,018 per sq meter (£373 per sq foot).
The average size of a house on IVYHOUSE ROAD is 76 sq meters (821 sq feet).