£404,048
This estimated value is based upon the latest sale price for the house of £239,995 on 8 May 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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CEME Innovation Centre, Marsh Way, Rainham, Essex, RM13 8EU
Phone: 01708573593
Price Paid | Date |
---|---|
£239,995 | 8 May 2012 |
£78,500 | 27 Jun 1997 |
£32,500 | 20 Oct 1995 |
Detached |
Freehold |
Floor Area: 95 sq meters or 1,028 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 May 2012 the House Price Index for GREATER LONDON was 87.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 68.357%.Applying this 68.357% change to the original purchase price of £239,995 results in an estimated price of approximately £404,048.
8 May 2012 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.1 | 146.7 | 68.357 % | £239,995 | £164,053 | £404,048 |
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 | 111.282 % | £267,071 | £507,066 |
3 Month Average | 71.868 % | £172,480 | £412,475 |
6 Month Average | 83.101 % | £199,438 | £439,433 |
This house has a floor area of 95 sq meters or 1,028 sq feet when measured on 19 Sep 2011.
The average size of a house on LOWER MARDYKE AVENUE is 100 sq meters (1,077 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near South Street |
Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near South Street |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near South Street |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Lower Mardyke Avenue |