£618,057
This estimated value is based upon the latest sale price for the house of £503,000 on 20 Jan 2020. 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 |
|---|---|
| £503,000 | 20 Jan 2020 |
| £405,000 | 24 Nov 2017 |
| £81,000 | 29 Sep 1995 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2020 the House Price Index for GREATER LONDON was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £503,000 results in an estimated price of approximately £618,057.
| 20 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £503,000 | £115,057 | £618,057 |
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 | -22.210 % | £-111,715 | £391,284 |
| 3 Month Average | 7.586 % | £38,156 | £541,156 |
| 6 Month Average | 12.452 % | £62,631 | £565,631 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Apr 2024 | £655,694 | £650,000 | 6 CALMORE CLOSE |
| 26 Oct 2023 | £526,969 | £515,000 | 58 ILFRACOMBE CRESCENT |
| 23 Oct 2023 | £491,155 | £480,000 | 6 RYE CLOSE |
| 15 Sep 2023 | £495,932 | £485,000 | 35 HUNTER DRIVE |
| 11 Aug 2023 | £703,692 | £691,000 | 12 SPRINGBANK AVENUE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 2 Feb 2017. Using an estimated price of £618,058 means this house is valued at £7,271 per sq meter (£675 per sq foot).
The average size of a house on RYE CLOSE is 126 sq meters (1,359 sq feet).
This house is the smallest in the street with a floor area of 85 sq meters (914 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Hunter Drive |
| Apr 2024 | Anti-social behaviour | On or near Fernbank Avenue | |
| Apr 2024 | Anti-social behaviour | On or near Fernbank Avenue | |
| Apr 2024 | Anti-social behaviour | On or near Fernbank Avenue | |
| Apr 2024 | Anti-social behaviour | On or near Fernbank Avenue |