£231,178
This estimated value is based upon the latest sale price for the house of £180,000 on 24 Jul 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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98 High Road, Chadwell Heath, Romford, RM6 6NX
Phone: 02036418442
| Price Paid | Date |
|---|---|
| £180,000 | 24 Jul 2017 |
| £56,000 | 2 Aug 1999 |
| Freehold |
| Floor Area: 82 sq meters or 882 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 July 2017 the House Price Index for GREATER LONDON was 116.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 28.433%.Applying this 28.433% change to the original purchase price of £180,000 results in an estimated price of approximately £231,178.
| 24 Jul 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 149.7 | 28.433 % | £180,000 | £51,178 | £231,178 |
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 | 40.081 % | £72,145 | £252,145 |
| 3 Month Average | 17.269 % | £31,083 | £211,083 |
| 6 Month Average | 17.281 % | £31,105 | £211,105 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £237,291 | £230,000 | 384 WHALEBONE LANE SOUTH |
| 15 Feb 2022 | £249,324 | £236,000 | 5 MAYDEB COURT WHALEBONE LANE SOUTH |
| 28 Sep 2021 | £263,793 | £243,000 | FLAT 5 BENEDICT COURT GORDON ROAD |
| 10 Sep 2021 | £531,929 | £490,000 | 230 HIGH ROAD |
| 27 Nov 2020 | £297,824 | £255,000 | FLAT 52 ELGIN HOUSE, 235 HIGH ROAD |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 11 Jan 2016. Using an estimated price of £231,179 means this house is valued at £2,819 per sq meter (£261 per sq foot).
The average size of a house on HIGH ROAD is 65 sq meters (701 sq feet).