£312,510
This estimated value is based upon the latest sale price for the house of £165,000 on 10 Jan 2005. 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 |
|---|---|
| £165,000 | 10 Jan 2005 |
| £55,500 | 16 Oct 1998 |
| £54,495 | 12 Sep 1997 |
| Terraced |
| Freehold |
| Floor Area: 64 sq meters or 688 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 January 2005 the House Price Index for GREATER LONDON was 79.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 89.400%.Applying this 89.400% change to the original purchase price of £165,000 results in an estimated price of approximately £312,510.
| 10 Jan 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.0 | 149.7 | 89.400 % | £165,000 | £147,510 | £312,510 |
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 | 102.115 % | £168,489 | £333,489 |
| 3 Month Average | 108.396 % | £178,852 | £343,852 |
| 6 Month Average | 109.539 % | £180,739 | £345,739 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £371,704 | £365,000 | 64 FIRST AVENUE |
| 16 Jun 2023 | £382,669 | £375,000 | 51 FIRST AVENUE |
| 30 Mar 2023 | £386,454 | £380,000 | 55 FIRST AVENUE |
| 24 Feb 2022 | £305,316 | £289,000 | 171 SECOND AVENUE |
| 29 Sep 2021 | £412,516 | £380,000 | 105 FIRST AVENUE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 31 Jan 2019. Using an estimated price of £312,510 means this house is valued at £4,882 per sq meter (£453 per sq foot).
The average size of a house on SECOND AVENUE is 67 sq meters (726 sq feet).