£470,577
This estimated value is based upon the latest sale price for the house of £407,000 on 14 Dec 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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63-65 Station Lane, Hornchurch, RM12 6JU
Phone: 01708629566
| Price Paid | Date |
|---|---|
| £407,000 | 14 Dec 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 55 sq meters or 592 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 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £407,000 results in an estimated price of approximately £470,577.
| 14 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £407,000 | £63,577 | £470,577 |
The Postcode Pricing Model uses changes in average sales price within the RM14 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 | 21.964 % | £89,393 | £496,393 |
| 3 Month Average | 14.432 % | £58,737 | £465,737 |
| 6 Month Average | 10.196 % | £41,497 | £448,497 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jul 2024 | £500,000 | £500,000 | 65 NEWBURY GARDENS |
| 11 Jul 2024 | £400,000 | £400,000 | 30 CHELMSFORD DRIVE |
| 20 Jun 2024 | £440,000 | £440,000 | 38 NEWBURY GARDENS |
| 12 Dec 2023 | £415,396 | £402,632 | 18 CHELMSFORD DRIVE |
| 20 Apr 2023 | £448,387 | £440,000 | 43 NEWBURY GARDENS |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 17 Dec 2018. Using an estimated price of £470,577 means this house is valued at £8,555 per sq meter (£794 per sq foot).
The average size of a house on CHELMSFORD DRIVE is 86 sq meters (934 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Awaiting court outcome | On or near Clement Way |
| Jul 2024 | Criminal damage and arson | Awaiting court outcome | On or near Clement Way |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Clement Way |
| Jul 2024 | Violence and sexual offences | Under investigation | On or near Clement Way |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Clement Way |