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
There has been one burglary within the last year on or near Dagenham Road
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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 378.0.The House Price Index as of 1 Feb 2015 is 504.6 which is a change of 33.512%.
Applying this 33.512% change to the original purchase price of £210,000 gives us an estimated price now of around £280,374.
|26 Mar 2008||1 Feb 2015||% 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||21.257 %||£44,640||£254,640|
|3 Month Average||16.357 %||£34,348||£244,348|
|6 Month Average||11.204 %||£23,529||£233,529|
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 February 2015 the average sale price for the 50 nearest sales was £265,319. This is a change of 33.346%.
So taking the original purchase price of £210,000 and adjusting it by 33.346% gives an estimated price of £280,025.
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 27 Feb 2015||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|23 Jul 2014||£220,546||£215,000||66 WOLSELEY ROAD|
|2 Jun 2014||£233,638||£222,555||155 DAGENHAM ROAD|
|14 Apr 2014||£243,755||£225,000||104 NORWOOD AVENUE|
|20 Dec 2013||£116,039||£100,000||48 OLDCHURCH GARDENS|
|29 Nov 2013||£271,105||£230,000||2 LILLIPUT ROAD|
|Jan 2015||Violence and sexual offences||Investigation complete; no suspect identified||On or near Dagenham Road|
|Dec 2014||Burglary||Suspect charged||On or near Dagenham Road|
|Nov 2014||Violence and sexual offences||Suspect charged||On or near Dagenham Road|
|Oct 2014||Violence and sexual offences||Investigation complete; no suspect identified||On or near Dagenham Road|
|Sep 2014||Vehicle crime||Under investigation||On or near Dagenham Road|