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 Sep 2017 is 123.9 which is a change of 58.608%.
Applying this 58.608% change to the original purchase price of £210,000 gives us an estimated price now of around £333,076.
|26 Mar 2008||1 Sep 2017||% 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||70.488 %||£148,023||£358,023|
|3 Month Average||55.073 %||£115,653||£325,653|
|6 Month Average||52.374 %||£109,985||£319,985|
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 October 2017 the average sale price for the 50 nearest sales was £343,802. This is a change of 72.790%.
So taking the original purchase price of £210,000 and adjusting it by 72.790% gives an estimated price of £362,859.
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 Oct 2017||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|11 Jul 2017||£210,565||£210,000||84 OLDCHURCH GARDENS|
|25 May 2017||£213,509||£210,000||83 OLDCHURCH GARDENS|
|28 Feb 2017||£323,715||£316,172||8 LILLIPUT ROAD|
|3 Feb 2017||£435,140||£425,000||76 NORWOOD AVENUE|
|3 Oct 2016||£347,220||£337,500||42 DAGENHAM ROAD|
|Aug 2017||Vehicle crime||Under investigation||On or near Dagenham Road|
|Aug 2017||Violence and sexual offences||Investigation complete; no suspect identified||On or near Dagenham Road|
|Sep 2017||Burglary||Under investigation||On or near East Road|
|Sep 2017||Public order||Under investigation||On or near Lilliput Road|
|Sep 2017||Drugs||Offender given a drugs possession warning||On or near Lilliput Road|