£422,294
This estimated value is based upon the latest sale price for the house of £245,000 on 20 Dec 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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209 Station Lane, Hornchurch, RM12 6LL
Phone: 01708573759
Price Paid | Date |
---|---|
£245,000 | 20 Dec 2011 |
£187,500 | 21 Nov 2003 |
£73,500 | 13 Nov 1995 |
Terraced |
Freehold |
Floor Area: 81 sq meters or 881 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 2011 the House Price Index for GREATER LONDON was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.365%.Applying this 72.365% change to the original purchase price of £245,000 results in an estimated price of approximately £422,294.
20 Dec 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
86.2 | 148.6 | 72.365 % | £245,000 | £177,294 | £422,294 |
The Postcode Pricing Model uses changes in average sales price within the RM12 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 | 77.274 % | £189,322 | £434,322 |
3 Month Average | 94.794 % | £232,245 | £477,245 |
6 Month Average | 93.252 % | £228,467 | £473,467 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
26 Jul 2023 | £451,071 | £445,000 | 2 SWANBOURNE DRIVE |
4 Apr 2023 | £515,551 | £510,000 | 6 HILARY CLOSE |
27 Mar 2023 | £466,394 | £462,000 | 180 SUTTONS LANE |
9 Sep 2022 | £491,035 | £495,000 | 36 SWANBOURNE DRIVE |
24 Jun 2022 | £446,307 | £440,000 | 16 HATFIELD CLOSE |
This house has a floor area of 81 sq meters or 881 sq feet when measured on 20 Oct 2011. Using an estimated price of £422,294 means this house is valued at £5,155 per sq meter (£478 per sq foot).
The average size of a house on SWANBOURNE DRIVE is 106 sq meters (1,142 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Robbery | Under investigation | On or near Veny Crescent |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Inglewood Close |