£1,355,979
This estimated value is based upon the latest sale price for the house of £415,000 on 5 Oct 2001. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Nelmes Close
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179 Squirrels Heath Lane, Hornchurch, RM11 2DX
Phone: 01708573002
| Price Paid | Date |
|---|---|
| £415,000 | 5 Oct 2001 |
| Detached |
| Freehold |
| Floor Area: 212 sq meters or 2,281 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 October 2001 the House Price Index for GREATER LONDON was 45.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 226.742%.Applying this 226.742% change to the original purchase price of £415,000 results in an estimated price of approximately £1,355,979.
| 5 Oct 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 149.7 | 226.742 % | £415,000 | £940,979 | £1,355,979 |
The Postcode Pricing Model uses changes in average sales price within the RM11 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 | 251.815 % | £1,045,030 | £1,460,030 |
| 3 Month Average | 229.110 % | £950,807 | £1,365,807 |
| 6 Month Average | 213.673 % | £886,743 | £1,301,743 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £954,222 | £930,000 | 23 NELMES CRESCENT |
| 19 Jun 2023 | £1,224,540 | £1,200,000 | 29 NELMES CRESCENT |
| 6 Mar 2023 | £1,027,154 | £1,010,000 | 44 WAKERFIELD CLOSE |
| 21 Feb 2022 | £1,188,514 | £1,125,000 | 24 NELMES CRESCENT |
| 8 Dec 2021 | £1,079,308 | £1,000,000 | 19 NELMES CRESCENT |
This house has a floor area of 212 sq meters or 2,281 sq feet when measured on 12 May 2016. Using an estimated price of £1,355,980 means this house is valued at £6,396 per sq meter (£594 per sq foot).
The average size of a house on WAKERFIELD CLOSE is 198 sq meters (2,134 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Burglary | Under investigation | On or near Nelmes Close |
| Sep 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Newman Close |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Newman Close |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Newman Close |
| Aug 2024 | Public order | Unable to prosecute suspect | On or near Newman Close |