£498,409
This estimated value is based upon the latest sale price for the house of £185,000 on 13 Sep 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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209 Station Lane, Hornchurch, RM12 6LL
Phone: 01708573759
| Price Paid | Date |
|---|---|
| £185,000 | 13 Sep 2002 |
| Semi-Detached |
| Freehold |
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 2002 the House Price Index for GREATER LONDON was 55.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 169.411%.Applying this 169.411% change to the original purchase price of £185,000 results in an estimated price of approximately £498,409.
| 13 Sep 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 55.2 | 148.6 | 169.411 % | £185,000 | £313,409 | £498,409 |
The Postcode Pricing Model uses changes in average sales price within the RM12 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 | 140.237 % | £259,439 | £444,439 |
| 3 Month Average | 179.441 % | £331,966 | £516,966 |
| 6 Month Average | 178.730 % | £330,650 | £515,650 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Jan 2023 | £497,651 | £499,995 | 128 ALMA AVENUE |
| 28 Feb 2022 | £419,478 | £400,000 | 14 CUMBERLAND CLOSE |
| 14 Dec 2021 | £557,116 | £520,000 | 11 CRYSTAL AVENUE |
| 10 Sep 2021 | £420,261 | £390,000 | 16 CUMBERLAND CLOSE |
| 4 Jun 2021 | £405,029 | £377,500 | 121 ALMA AVENUE |