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 377.9.The House Price Index as of 1 Jun 2015 is 524.1 which is a change of 38.658%.
Applying this 38.658% change to the original purchase price of £210,000 gives us an estimated price now of around £291,182.
|26 Mar 2008||1 Jun 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||28.310 %||£59,450||£269,450|
|3 Month Average||15.794 %||£33,167||£243,167|
|6 Month Average||16.419 %||£34,480||£244,480|
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 June 2015 the average sale price for the 50 nearest sales was £257,170. This is a change of 29.250%.
So taking the original purchase price of £210,000 and adjusting it by 29.250% gives an estimated price of £271,424.
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 30 Jun 2015||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|30 Apr 2015||£254,725||£250,000||7 EAST ROAD|
|24 Apr 2015||£270,008||£265,000||109 DAGENHAM ROAD|
|2 Apr 2015||£336,236||£330,000||97 DAGENHAM ROAD|
|19 Mar 2015||£276,509||£266,400||22 LILLIPUT ROAD|
|27 Feb 2015||£177,489||£170,000||188 DAGENHAM ROAD|
|Apr 2015||Public order||Under investigation||On or near Dagenham Road|
|Mar 2015||Violence and sexual offences||Investigation complete; no suspect identified||On or near Dagenham Road|
|Mar 2015||Drugs||Offender given a drugs possession warning||On or near East Road|
|Mar 2015||Drugs||Offender fined||On or near East Road|
|Jun 2015||Anti-social behaviour||On or near Lilliput Road|