£525,570
This estimated value is based upon the latest sale price for the house of £450,000 on 4 Nov 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1885 High Road, Chadwell Heath, RM6 4AL
Phone: 02081667329
| Price Paid | Date |
|---|---|
| £450,000 | 4 Nov 2020 |
| Terraced |
| Freehold |
| Floor Area: 98 sq meters or 1,054 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 2020 the House Price Index for GREATER LONDON was 128.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 16.794%.Applying this 16.794% change to the original purchase price of £450,000 results in an estimated price of approximately £525,570.
| 4 Nov 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 128.2 | 149.7 | 16.794 % | £450,000 | £75,570 | £525,570 |
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 | 25.467 % | £114,599 | £564,599 |
| 3 Month Average | 5.008 % | £22,534 | £472,534 |
| 6 Month Average | 10.631 % | £47,839 | £497,839 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £412,439 | £405,000 | 144 CHADWELL HEATH LANE |
| 28 Oct 2022 | £109,634 | £110,000 | 8 CUNNINGHAM CLOSE |
| 20 Oct 2022 | £149,501 | £150,000 | 45 CUNNINGHAM CLOSE |
| 27 Sep 2022 | £164,890 | £165,000 | 10 CUNNINGHAM CLOSE |
| 21 Mar 2022 | £93,954 | £90,000 | 25 CUNNINGHAM CLOSE |
This house has a floor area of 98 sq meters or 1,054 sq feet when measured on 3 Jul 2020. Using an estimated price of £525,571 means this house is valued at £5,362 per sq meter (£498 per sq foot).
The average size of a house on CHADWELL HEATH LANE is 77 sq meters (833 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Chadwell Heath Lane |