£514,681
This estimated value is based upon the latest sale price for the house of £425,000 on 5 Jun 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 |
|---|---|
| £425,000 | 5 Jun 2020 |
| £250,000 | 9 Aug 2013 |
| £175,000 | 18 Mar 2009 |
| Terraced |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 June 2020 the House Price Index for GREATER LONDON was 122.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.102%.Applying this 21.102% change to the original purchase price of £425,000 results in an estimated price of approximately £514,681.
| 5 Jun 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.7 | 148.6 | 21.102 % | £425,000 | £89,681 | £514,681 |
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 | -5.023 % | £-21,346 | £403,653 |
| 3 Month Average | 10.504 % | £44,642 | £469,642 |
| 6 Month Average | 18.094 % | £76,899 | £501,899 |
| 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 93 sq meters or 1,001 sq feet when measured on 27 Nov 2019. Using an estimated price of £514,681 means this house is valued at £5,534 per sq meter (£514 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 |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Spingate Close |
| Mar 2024 | Vehicle crime | Under investigation | On or near Tylers Crescent |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Gladiator Way |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Gladiator Way |