£530,331
This estimated value is based upon the latest sale price for the house of £495,000 on 7 Dec 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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105 East Road, Chadwell Heath, Romford, RM6 6YJ
Phone: 02030077365
| Price Paid | Date |
|---|---|
| £495,000 | 7 Dec 2021 |
| £340,000 | 6 Sep 2019 |
| Terraced |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2021 the House Price Index for GREATER LONDON was 138.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.138%.Applying this 7.138% change to the original purchase price of £495,000 results in an estimated price of approximately £530,331.
| 7 Dec 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 148.6 | 7.138 % | £495,000 | £35,331 | £530,331 |
The Postcode Pricing Model uses changes in average sales price within the RM6 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 | -0.486 % | £-2,405 | £492,594 |
| 3 Month Average | 9.344 % | £46,254 | £541,254 |
| 6 Month Average | 1.031 % | £5,105 | £500,105 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £395,051 | £390,000 | 60 ROSE LANE |
| 14 Jul 2023 | £442,962 | £437,000 | 3 LAWN FARM GROVE |
| 23 Mar 2023 | £429,042 | £425,000 | 12 LAWN FARM GROVE |
| 18 Jan 2023 | £305,561 | £307,000 | 68 ROSE LANE |
| 29 Nov 2022 | £397,189 | £402,000 | 118A THATCHES GROVE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 12 Mar 2019. Using an estimated price of £530,332 means this house is valued at £6,239 per sq meter (£579 per sq foot).
The average size of a house on THATCHES GROVE is 85 sq meters (919 sq feet).