£400,129
This estimated value is based upon the latest sale price for the house of £310,000 on 9 Jun 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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296 Heathway, Dagenham, RM10 8LU
Phone: 02081158314
Price Paid | Date |
---|---|
£310,000 | 9 Jun 2017 |
Terraced |
Freehold |
Floor Area: 90 sq meters or 968 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 June 2017 the House Price Index for GREATER LONDON was 116.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.074%.Applying this 29.074% change to the original purchase price of £310,000 results in an estimated price of approximately £400,129.
9 Jun 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.0 | 149.7 | 29.074 % | £310,000 | £90,129 | £400,129 |
The Postcode Pricing Model uses changes in average sales price within the RM9 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 | -21.870 % | £-67,797 | £242,202 |
3 Month Average | 15.599 % | £48,356 | £358,356 |
6 Month Average | 11.396 % | £35,326 | £345,326 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
19 Dec 2023 | £366,254 | £355,000 | 477 HEATHWAY |
24 Oct 2023 | £373,483 | £365,000 | 22 BAINBRIDGE ROAD |
22 Mar 2022 | £360,157 | £345,000 | 486 HEATHWAY |
25 Nov 2021 | £361,721 | £332,000 | 26 OSBORNE SQUARE |
19 Nov 2021 | £403,122 | £370,000 | 551 HEATHWAY |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 3 Jul 2015. Using an estimated price of £400,129 means this house is valued at £4,445 per sq meter (£413 per sq foot).
The average size of a house on OXLOW LANE is 85 sq meters (917 sq feet).