£868,400
This estimated value is based upon the latest sale price for the house of £580,000 on 21 Nov 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Suite 6 Essex House, Station Road, Upminster, Essex, RM14 2SJ
Phone: 01708573659
Price Paid | Date |
---|---|
£580,000 | 21 Nov 2014 |
£500,000 | 14 May 2012 |
£170,000 | 30 Apr 1998 |
Semi-Detached |
Freehold |
Floor Area: 177 sq meters or 1,905 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 November 2014 the House Price Index for GREATER LONDON was 99.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.724%.Applying this 49.724% change to the original purchase price of £580,000 results in an estimated price of approximately £868,400.
21 Nov 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.2 | 148.6 | 49.724 % | £580,000 | £288,400 | £868,400 |
The Postcode Pricing Model uses changes in average sales price within the RM14 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 | 23.799 % | £138,034 | £718,034 |
3 Month Average | 13.393 % | £77,682 | £657,682 |
6 Month Average | 24.983 % | £144,902 | £724,902 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
9 Aug 2023 | £600,251 | £595,000 | 35 OAK AVENUE |
4 Aug 2023 | £857,502 | £850,000 | 41 STEWART AVENUE |
14 Jun 2023 | £830,055 | £820,000 | 36 SOUTHVIEW DRIVE |
1 Jul 2022 | £576,552 | £575,000 | 5 BEECH AVENUE |
27 Jun 2022 | £715,106 | £705,000 | 9 ELM AVENUE |
This house has a floor area of 177 sq meters or 1,905 sq feet when measured on 29 Jul 2013. Using an estimated price of £868,401 means this house is valued at £4,906 per sq meter (£455 per sq foot).
The average size of a house on STEWART AVENUE is 135 sq meters (1,463 sq feet).