£537,935
This estimated value is based upon the latest sale price for the house of £102,000 on 27 Mar 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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CEME Innovation Centre, Marsh Way, Rainham, Essex, RM13 8EU
Phone: 01708573593
| Price Paid | Date |
|---|---|
| £102,000 | 27 Mar 1997 |
| Semi-Detached |
| Freehold |
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 1997 the House Price Index for GREATER LONDON was 28.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 427.388%.Applying this 427.388% change to the original purchase price of £102,000 results in an estimated price of approximately £537,935.
| 27 Mar 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 28.4 | 149.7 | 427.388 % | £102,000 | £435,935 | £537,935 |
The Postcode Pricing Model uses changes in average sales price within the RM13 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 | 497.961 % | £507,920 | £609,920 |
| 3 Month Average | 429.267 % | £437,852 | £539,852 |
| 6 Month Average | 457.819 % | £466,975 | £568,975 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Sep 2023 | £224,959 | £220,000 | 28 GERARD GARDENS |
| 22 Jun 2023 | £484,714 | £475,000 | 38 BETTERTON ROAD |
| 6 Apr 2023 | £575,769 | £565,000 | 5 SPINNEY CLOSE |
| 14 Feb 2023 | £251,681 | £250,000 | 5 GERARD GARDENS |
| 4 Jul 2022 | £481,828 | £477,000 | 39 FREDERICK ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Gerard Gardens |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Gerard Gardens |
| Oct 2024 | Anti-social behaviour | On or near Seaburn Close | |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Seaburn Close |
| Sep 2024 | Anti-social behaviour | On or near Seaburn Close |