£479,560
This estimated value is based upon the latest sale price for the house of £380,000 on 27 Oct 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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21 Station Parade, Hornchurch, RM12 5AB
Phone: 02081157548
Price Paid | Date |
---|---|
£380,000 | 27 Oct 2017 |
£250,000 | 16 Jun 2014 |
£214,995 | 27 Jul 2006 |
Terraced |
Freehold |
Floor Area: 121 sq meters or 1,302 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 2017 the House Price Index for GREATER LONDON was 117.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.200%.Applying this 26.200% change to the original purchase price of £380,000 results in an estimated price of approximately £479,560.
27 Oct 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.7 | 148.6 | 26.200 % | £380,000 | £99,560 | £479,560 |
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 | 1.638 % | £6,224 | £386,224 |
3 Month Average | 19.021 % | £72,281 | £452,281 |
6 Month Average | 20.461 % | £77,753 | £457,753 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £385,710 | £380,000 | 6 PETWORTH WAY |
29 Sep 2023 | £389,986 | £385,000 | 30 PETWORTH WAY |
20 Mar 2023 | £430,052 | £426,000 | 14 MIDHURST CLOSE |
9 Mar 2023 | £434,090 | £430,000 | 43 PETWORTH WAY |
31 Aug 2022 | £430,840 | £432,000 | 55 PETWORTH WAY |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 15 Jan 2014. Using an estimated price of £479,560 means this house is valued at £3,963 per sq meter (£368 per sq foot).
The average size of a house on PETWORTH WAY is 109 sq meters (1,174 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Petworth Way |
Apr 2024 | Drugs | Under investigation | On or near Petworth Way |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Petworth Way |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Petworth Way |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Petworth Way |