£396,704
This estimated value is based upon the latest sale price for the house of £265,000 on 28 Jan 2015. 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 Petworth Way
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21 Station Parade, Hornchurch, RM12 5AB
Phone: 02081157548
| Price Paid | Date |
|---|---|
| £265,000 | 28 Jan 2015 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 January 2015 the House Price Index for GREATER LONDON was 100.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 49.700%.Applying this 49.700% change to the original purchase price of £265,000 results in an estimated price of approximately £396,704.
| 28 Jan 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.0 | 149.7 | 49.700 % | £265,000 | £131,704 | £396,704 |
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 | 90.997 % | £241,141 | £506,141 |
| 3 Month Average | 68.097 % | £180,457 | £445,457 |
| 6 Month Average | 58.928 % | £156,159 | £421,159 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £389,897 | £380,000 | 6 PETWORTH WAY |
| 29 Sep 2023 | £393,678 | £385,000 | 30 PETWORTH WAY |
| 9 Mar 2023 | £437,303 | £430,000 | 43 PETWORTH WAY |
| 31 Aug 2022 | £434,030 | £432,000 | 55 PETWORTH WAY |
| 15 Jul 2022 | £444,453 | £440,000 | 3 LIPHOOK CLOSE |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 29 Jul 2014. Using an estimated price of £396,705 means this house is valued at £3,889 per sq meter (£361 per sq foot).
The average size of a house on PETWORTH WAY is 109 sq meters (1,174 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Petworth Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Petworth Way |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Petworth Way |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Petworth Way |
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Petworth Way |