£350,289
This estimated value is based upon the latest sale price for the house of £240,000 on 29 May 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 |
|---|---|
| £240,000 | 29 May 2015 |
| £46,000 | 30 Apr 1997 |
| Terraced |
| Freehold |
| Floor Area: 65 sq meters or 699 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 May 2015 the House Price Index for GREATER LONDON was 101.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.954%.Applying this 45.954% change to the original purchase price of £240,000 results in an estimated price of approximately £350,289.
| 29 May 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 101.8 | 148.6 | 45.954 % | £240,000 | £110,289 | £350,289 |
The Postcode Pricing Model uses changes in average sales price within the RM10 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 | 67.192 % | £161,259 | £401,259 |
| 3 Month Average | 41.833 % | £100,400 | £340,400 |
| 6 Month Average | 52.708 % | £126,498 | £366,498 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £320,093 | £316,000 | 70 OVAL ROAD SOUTH |
| 24 Aug 2023 | £368,221 | £365,000 | 64 FIRST AVENUE |
| 14 Jul 2023 | £410,525 | £405,000 | 72 FIRST AVENUE |
| 16 Jun 2023 | £379,598 | £375,000 | 51 FIRST AVENUE |
| 30 Mar 2023 | £383,614 | £380,000 | 55 FIRST AVENUE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 13 Mar 2015. Using an estimated price of £350,290 means this house is valued at £5,389 per sq meter (£500 per sq foot).
The average size of a house on OVAL ROAD SOUTH is 69 sq meters (751 sq feet).