This estimated value is based upon the latest sale price for the house of £236,000 on 18 Nov 2011. This value is then adjusted by the current Official House Price Index for THURROCK1
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|£236,000||18 Nov 2011|
|£237,452||27 Apr 2007|
This model uses changes in the Official Land Registry House Price Index for THURROCK to estimate the market value.
When this house was purchased in November 2011 the House Price Index for THURROCK was 82.1.The House Price Index as of 1 Dec 2019 is 137.5 which is a change of 67.401%.
Applying this 67.401% change to the original purchase price of £236,000 gives us an estimated price now of around £395,065.
|18 Nov 2011||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the RM19 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||46.263 %||£109,180||£345,180|
|3 Month Average||112.447 %||£265,374||£501,374|
|6 Month Average||77.725 %||£183,431||£419,431|
|Date||Current Estimated Value||Price Paid||Address|
|16 Dec 2019||£320,000||£320,000||46 CASPIAN CLOSE|
|11 Nov 2019||£208,047||£205,000||234 CASPIAN WAY|
|7 May 2019||£227,866||£220,000||188 CASPIAN WAY|
|1 Oct 2018||£319,964||£317,500||174 CASPIAN WAY|
|25 May 2018||£210,784||£205,000||138 CASPIAN WAY|