This estimated value is based upon the latest sale price for the house of £210,000 on 26 Mar 2008. This value is then adjusted by the current Official House Price Index for GREATER LONDON1
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|£210,000||26 Mar 2008|
|£119,000||5 Oct 2001|
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 March 2008 the House Price Index for GREATER LONDON was 78.1.The House Price Index as of 1 Nov 2016 is 120.8 which is a change of 54.646%.
Applying this 54.646% change to the original purchase price of £210,000 gives us an estimated price now of around £324,755.
|26 Mar 2008||1 Nov 2016||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the RM7 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||57.955 %||£121,705||£331,705|
|3 Month Average||70.332 %||£147,697||£357,697|
|6 Month Average||55.991 %||£117,580||£327,580|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In March 2008 the average sale price for the 50 nearest sales within two miles of 79 DAGENHAM ROAD was £198,971.
In December 2016 the average sale price for the 50 nearest sales was £330,983. This is a change of 66.347%.
So taking the original purchase price of £210,000 and adjusting it by 66.347% gives an estimated price of £349,329.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 26 Mar 2008||Average price on 29 Dec 2016||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|3 Oct 2016||£336,902||£337,500||42 DAGENHAM ROAD|
|10 Jun 2016||£319,209||£316,500||16 LILLIPUT ROAD|
|14 Apr 2016||£238,060||£230,000||74 NORWOOD AVENUE|
|22 Jan 2016||£156,459||£147,000||68 OLDCHURCH GARDENS|
|6 Nov 2015||£348,356||£320,000||111 DAGENHAM ROAD|
|Dec 2016||Violence and sexual offences||Under investigation||On or near Dagenham Road|
|Sep 2016||Drugs||Offender given a drugs possession warning||On or near Dagenham Road|
|Oct 2016||Public order||Under investigation||On or near East Road|
|Sep 2016||Burglary||Investigation complete; no suspect identified||On or near East Road|
|Sep 2016||Criminal damage and arson||Investigation complete; no suspect identified||On or near East Road|