£355,109
This estimated value is based upon the latest sale price for the house of £255,000 on 24 Nov 2015. 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 |
|---|---|
| £255,000 | 24 Nov 2015 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 £255,000 results in an estimated price of approximately £355,109.
| 24 Nov 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 148.6 | 39.258 % | £255,000 | £100,109 | £355,109 |
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 | -17.362 % | £-44,274 | £210,725 |
| 3 Month Average | 30.440 % | £77,621 | £332,621 |
| 6 Month Average | 37.131 % | £94,684 | £349,684 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Aug 2022 | £458,765 | £460,000 | 22 WALDEN AVENUE |
| 5 Aug 2022 | £428,846 | £430,000 | 49 LOWER MARDYKE AVENUE |
| 13 May 2022 | £524,890 | £515,000 | 16 SOUTH STREET |
| 24 Mar 2022 | £476,681 | £460,000 | 61 LOWER MARDYKE AVENUE |
| 12 Nov 2021 | £475,866 | £440,000 | 20 SOUTH STREET |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 9 May 2015. Using an estimated price of £355,109 means this house is valued at £4,081 per sq meter (£379 per sq foot).
The average size of a house on LOWER MARDYKE AVENUE is 100 sq meters (1,077 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Lower Mardyke Avenue |
| Apr 2024 | Other theft | Under investigation | On or near Lower Mardyke Avenue |
| Mar 2024 | Anti-social behaviour | On or near Lower Mardyke Avenue | |
| Mar 2024 | Theft from the person | Under investigation | On or near Lower Mardyke Avenue |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Lower Mardyke Avenue |