£389,713
This estimated value is based upon the latest sale price for the house of £310,000 on 18 Dec 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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12B The Arcade, Farnham Road, Harold Hill, London, RM3 8EB
Phone: 01708954815
Price Paid | Date |
---|---|
£310,000 | 18 Dec 2017 |
£205,000 | 11 Sep 2013 |
£173,250 | 11 Apr 2008 |
Flats/Maisonettes |
Leasehold |
Floor Area: 83 sq meters or 893 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 December 2017 the House Price Index for GREATER LONDON was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £310,000 results in an estimated price of approximately £389,713.
18 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.2 | 148.6 | 25.714 % | £310,000 | £79,713 | £389,713 |
The Postcode Pricing Model uses changes in average sales price within the RM3 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 | 15.289 % | £47,396 | £357,396 |
3 Month Average | -14.542 % | £-45,078 | £264,921 |
6 Month Average | 9.713 % | £30,111 | £340,111 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Jun 2023 | £394,782 | £390,000 | 19 STANWYCK GARDENS |
24 Mar 2023 | £403,804 | £400,000 | 94 HAILSHAM ROAD |
24 Feb 2023 | £331,777 | £332,000 | 178 DAVENTRY ROAD |
3 Feb 2023 | £449,697 | £450,000 | 341 STRAIGHT ROAD |
12 Aug 2022 | £219,409 | £220,000 | 333 STRAIGHT ROAD |
This house has a floor area of 83 sq meters or 893 sq feet when measured on 27 Nov 2014. Using an estimated price of £389,714 means this house is valued at £4,695 per sq meter (£436 per sq foot).
The average size of a house on STRAIGHT ROAD is 84 sq meters (906 sq feet).