£369,685
This estimated value is based upon the latest sale price for the house of £295,000 on 7 Mar 2018. 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 |
|---|---|
| £295,000 | 7 Mar 2018 |
| £148,000 | 2 Dec 2003 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 753 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 March 2018 the House Price Index for GREATER LONDON was 118.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.317%.Applying this 25.317% change to the original purchase price of £295,000 results in an estimated price of approximately £369,685.
| 7 Mar 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 148.6 | 25.317 % | £295,000 | £74,685 | £369,685 |
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 | 25.186 % | £74,298 | £369,298 |
| 3 Month Average | 7.059 % | £20,824 | £315,824 |
| 6 Month Average | 18.819 % | £55,516 | £350,516 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £324,366 | £320,000 | 120 THIRD AVENUE |
| 12 Jul 2022 | £350,945 | £350,000 | 187 THIRD AVENUE |
| 8 Sep 2021 | £366,381 | £340,000 | 147 THIRD AVENUE |
| 16 Jun 2021 | £332,607 | £310,000 | 214 THIRD AVENUE |
| 21 Aug 2020 | £383,701 | £320,000 | 145 SECOND AVENUE |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 29 Jan 2018. Using an estimated price of £369,685 means this house is valued at £5,281 per sq meter (£490 per sq foot).
The average size of a house on THIRD AVENUE is 68 sq meters (740 sq feet).