£548,697
This estimated value is based upon the latest sale price for the house of £405,000 on 29 Jan 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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21 Station Parade, Hornchurch, RM12 5AB
Phone: 02081157548
| Price Paid | Date |
|---|---|
| £405,000 | 29 Jan 2016 |
| £200,000 | 3 Jun 2005 |
| Semi-Detached |
| Freehold |
| Floor Area: 81 sq meters or 871 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 January 2016 the House Price Index for GREATER LONDON was 108.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 35.481%.Applying this 35.481% change to the original purchase price of £405,000 results in an estimated price of approximately £548,697.
| 29 Jan 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 108.3 | 146.7 | 35.481 % | £405,000 | £143,697 | £548,697 |
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 | 21.669 % | £87,760 | £492,760 |
| 3 Month Average | 37.708 % | £152,718 | £557,718 |
| 6 Month Average | 37.042 % | £150,021 | £555,021 |
This house has a floor area of 81 sq meters or 871 sq feet when measured on 19 Jul 2014.
The average size of a house on LANCASTER DRIVE is 90 sq meters (974 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Awaiting court outcome | On or near Elms Farm Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Maybank Avenue |