£359,305
This estimated value is based upon the latest sale price for the house of £240,000 on 3 Oct 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 |
|---|---|
| £240,000 | 3 Oct 2014 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 2014 the House Price Index for GREATER LONDON was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £240,000 results in an estimated price of approximately £359,305.
| 3 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £240,000 | £119,305 | £359,305 |
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 | -2.211 % | £-5,306 | £234,693 |
| 3 Month Average | 45.371 % | £108,890 | £348,890 |
| 6 Month Average | 48.835 % | £117,204 | £357,204 |
| 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 |
| 21 Feb 2023 | £429,711 | £430,000 | 2 BRETONS COTTAGES RAINHAM ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 20 Jan 2014. Using an estimated price of £359,306 means this house is valued at £4,666 per sq meter (£433 per sq foot).
The average size of a house on LOCKE CLOSE is 109 sq meters (1,173 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Gilroy Close | |
| Mar 2024 | Vehicle crime | Under investigation | On or near Gilroy Close |
| Feb 2024 | Anti-social behaviour | On or near Gilroy Close | |
| Feb 2024 | Anti-social behaviour | On or near Gilroy Close |