£498,322
This estimated value is based upon the latest sale price for the house of £490,000 on 15 Mar 2023. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Head Office, Romford, RM7 0RR
Phone: 02045173976
| Price Paid | Date |
|---|---|
| £490,000 | 15 Mar 2023 |
| £95,000 | 12 Aug 2002 |
| Semi-Detached |
| Freehold |
| Floor Area: 99 sq meters or 1,065 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 March 2023 the House Price Index for GREATER LONDON was 147.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.698%.Applying this 1.698% change to the original purchase price of £490,000 results in an estimated price of approximately £498,322.
| 15 Mar 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 147.2 | 149.7 | 1.698 % | £490,000 | £8,322 | £498,322 |
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 | 71.789 % | £351,766 | £841,766 |
| 3 Month Average | 11.122 % | £54,495 | £544,495 |
| 6 Month Average | 6.840 % | £33,515 | £523,515 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Mar 2024 | £436,710 | £430,000 | 37 RAINSFORD WAY |
| 15 Mar 2023 | £498,322 | £490,000 | 279 HORNCHURCH ROAD |
| 16 Feb 2023 | £101 | £100 | 307 HORNCHURCH ROAD |
| 5 Jan 2023 | £480,283 | £479,000 | 27 RAINSFORD WAY |
| 16 Aug 2022 | £401,879 | £400,000 | 21 RAINSFORD WAY |
This house has a floor area of 99 sq meters or 1,065 sq feet when measured on 15 Jan 2015. Using an estimated price of £498,322 means this house is valued at £5,033 per sq meter (£467 per sq foot).
The average size of a house on HORNCHURCH ROAD is 108 sq meters (1,165 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Roneo Link |