£823,412
This estimated value is based upon the latest sale price for the house of £600,000 on 15 Jan 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Suite 6 Essex House, Station Road, Upminster, Essex, RM14 2SJ
Phone: 01708573659
| Price Paid | Date |
|---|---|
| £600,000 | 15 Jan 2016 |
| Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 sq feet |
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 January 2016 the House Price Index for GREATER LONDON was 108.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 37.235%.Applying this 37.235% change to the original purchase price of £600,000 results in an estimated price of approximately £823,412.
| 15 Jan 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 148.6 | 37.235 % | £600,000 | £223,412 | £823,412 |
The Postcode Pricing Model uses changes in average sales price within the RM14 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 | 25.533 % | £153,198 | £753,198 |
| 3 Month Average | 7.550 % | £45,297 | £645,297 |
| 6 Month Average | 8.520 % | £51,120 | £651,120 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £608,186 | £600,000 | 95 ST MARYS LANE |
| 2 Jun 2023 | £569,397 | £562,500 | 6 CONVENT CLOSE |
| 24 Mar 2023 | £416,423 | £412,500 | FLAT 21 MILLSTONE HOUSE, 80 ST MARY'S LANE |
| 22 Feb 2023 | £839,435 | £840,000 | 1 CONVENT CLOSE |
| 17 Feb 2023 | £399,731 | £400,000 | 27 GRIDIRON PLACE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 6 Aug 2015. Using an estimated price of £823,413 means this house is valued at £9,048 per sq meter (£840 per sq foot).
The average size of a house on CRANBORNE GARDENS is 126 sq meters (1,363 sq feet).
This house is the smallest in the street with a floor area of 91 sq meters (979 sq feet).