£259,112
This estimated value is based upon the latest sale price for the house of £58,500 on 27 May 1999. 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 |
|---|---|
| £58,500 | 27 May 1999 |
| Terraced |
| Freehold |
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 1999 the House Price Index for GREATER LONDON was 33.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 342.927%.Applying this 342.927% change to the original purchase price of £58,500 results in an estimated price of approximately £259,112.
| 27 May 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 33.5 | 148.6 | 342.927 % | £58,500 | £200,612 | £259,112 |
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 | 469.713 % | £274,781 | £333,281 |
| 3 Month Average | 366.007 % | £214,113 | £272,613 |
| 6 Month Average | 389.893 % | £228,087 | £286,587 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 29 Sep 2021 | £409,485 | £380,000 | 105 FIRST AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Oval Road South |