£342,215
This estimated value is based upon the latest sale price for the house of £270,000 on 11 Sep 2017. 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 |
|---|---|
| £270,000 | 11 Sep 2017 |
| Terraced |
| Freehold |
| Floor Area: 87 sq meters or 936 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 September 2017 the House Price Index for GREATER LONDON was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £270,000 results in an estimated price of approximately £342,215.
| 11 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £270,000 | £72,215 | £342,215 |
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 | 31.786 % | £85,822 | £355,822 |
| 3 Month Average | 18.404 % | £49,689 | £319,689 |
| 6 Month Average | 22.658 % | £61,175 | £331,175 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Jan 2023 | £361,298 | £363,000 | 194 BEAM AVENUE |
| 12 Jul 2022 | £350,945 | £350,000 | 187 THIRD AVENUE |
| 14 Jan 2022 | £373,605 | £355,000 | 242 BEAM AVENUE |
| 7 Jan 2022 | £336,771 | £320,000 | 144 BEAM AVENUE |
| 8 Sep 2021 | £366,381 | £340,000 | 147 THIRD AVENUE |
This house has a floor area of 87 sq meters or 936 sq feet when measured on 26 May 2017. Using an estimated price of £342,216 means this house is valued at £3,933 per sq meter (£365 per sq foot).
The average size of a house on THIRD AVENUE is 68 sq meters (740 sq feet).