£467,442
This estimated value is based upon the latest sale price for the house of £350,000 on 17 Jun 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Spencer Road
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CEME Innovation Centre, Marsh Way, Rainham, Essex, RM13 8EU
Phone: 01708573593
| Price Paid | Date |
|---|---|
| £350,000 | 17 Jun 2016 |
| £189,000 | 11 Feb 2003 |
| £123,000 | 7 Sep 2001 |
| £85,000 | 28 May 1999 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 June 2016 the House Price Index for GREATER LONDON was 111.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.555%.Applying this 33.555% change to the original purchase price of £350,000 results in an estimated price of approximately £467,442.
| 17 Jun 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.6 | 33.555 % | £350,000 | £117,442 | £467,442 |
The Postcode Pricing Model uses changes in average sales price within the RM13 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 | -15.054 % | £-52,688 | £297,311 |
| 3 Month Average | 19.721 % | £69,023 | £419,023 |
| 6 Month Average | 17.308 % | £60,577 | £410,577 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2023 | £486,217 | £480,000 | 28 SPENCER ROAD |
| 4 Aug 2023 | £395,460 | £392,000 | 75 MANSER ROAD |
| 16 Jun 2023 | £509,168 | £503,000 | 15 MANSER ROAD |
| 3 Feb 2023 | £399,731 | £400,000 | 26 SPENCER ROAD |
| 19 Jan 2023 | £487,703 | £490,000 | 24 SPENCER ROAD |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 17 Jul 2014. Using an estimated price of £467,442 means this house is valued at £5,992 per sq meter (£556 per sq foot).
The average size of a house on SPENCER ROAD is 89 sq meters (960 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Spencer Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Spencer Road |
| Mar 2024 | Burglary | Under investigation | On or near Spencer Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Spencer Road |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Spencer Road |