£377,280
This estimated value is based upon the latest sale price for the house of £75,000 on 30 Sep 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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941 Green Lane, Dagenham, RM8 1DJ
Phone: 02030074091
Price Paid | Date |
---|---|
£75,000 | 30 Sep 1997 |
Terraced |
Freehold |
Floor Area: 107 sq meters or 1,151 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 1997 the House Price Index for GREATER LONDON was 29.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 403.041%.Applying this 403.041% change to the original purchase price of £75,000 results in an estimated price of approximately £377,280.
30 Sep 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
29.8 | 149.7 | 403.041 % | £75,000 | £302,280 | £377,280 |
The Postcode Pricing Model uses changes in average sales price within the RM8 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 | 67.260 % | £50,445 | £125,445 |
3 Month Average | 461.555 % | £346,166 | £421,166 |
6 Month Average | 450.563 % | £337,922 | £412,922 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Dec 2023 | £474,583 | £460,000 | 32 GERALD ROAD |
2 Jun 2023 | £434,712 | £426,000 | 25 GERALD ROAD |
26 Jan 2023 | £456,219 | £455,000 | 35 ROSS AVENUE |
10 Nov 2022 | £455,371 | £457,500 | 8 GERALD ROAD |
16 Sep 2022 | £449,700 | £450,000 | 34 GERALD ROAD |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 26 Oct 2021. Using an estimated price of £377,281 means this house is valued at £3,525 per sq meter (£327 per sq foot).
The average size of a house on GERALD ROAD is 86 sq meters (926 sq feet).
This house is the largest in the street with a floor area of 107 sq meters (1,151 sq feet).