£737,518
This estimated value is based upon the latest sale price for the house of £490,000 on 29 Sep 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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168-170 Hornchurch Road, Hornchurch, RM11 1QH
Phone: 01708954862
Price Paid | Date |
---|---|
£490,000 | 29 Sep 2014 |
£220,000 | 6 Dec 2005 |
Semi-Detached |
Freehold |
Floor Area: 166 sq meters or 1,786 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 September 2014 the House Price Index for GREATER LONDON was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £490,000 results in an estimated price of approximately £737,518.
29 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
98.7 | 148.6 | 50.514 % | £490,000 | £247,518 | £737,518 |
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 | 22.434 % | £109,925 | £599,925 |
3 Month Average | 58.178 % | £285,073 | £775,073 |
6 Month Average | 56.191 % | £275,337 | £765,337 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Jan 2023 | £476,754 | £479,000 | 27 RAINSFORD WAY |
22 Aug 2022 | £193,479 | £194,000 | 240 HORNCHURCH ROAD |
19 Aug 2022 | £215,420 | £216,000 | 6 DIAMOND COURT |
16 Aug 2022 | £398,926 | £400,000 | 21 RAINSFORD WAY |
16 Dec 2021 | £230,346 | £215,000 | 18 DIAMOND COURT |
This house has a floor area of 166 sq meters or 1,786 sq feet when measured on 14 Feb 2014. Using an estimated price of £737,518 means this house is valued at £4,442 per sq meter (£412 per sq foot).
The average size of a house on HORNCHURCH ROAD is 108 sq meters (1,165 sq feet).