£268,842
This estimated value is based upon the latest sale price for the house of £110,000 on 10 Mar 2003. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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296 Heathway, Dagenham, RM10 8LU
Phone: 02081158314
| Price Paid | Date |
|---|---|
| £110,000 | 10 Mar 2003 |
| £110,000 | 10 Mar 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 2003 the House Price Index for GREATER LONDON was 61.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 144.402%.Applying this 144.402% change to the original purchase price of £110,000 results in an estimated price of approximately £268,842.
| 10 Mar 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 61.3 | 149.7 | 144.402 % | £110,000 | £158,842 | £268,842 |
The Postcode Pricing Model uses changes in average sales price within the RM10 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 | 164.035 % | £180,438 | £290,438 |
| 3 Month Average | 143.057 % | £157,362 | £267,362 |
| 6 Month Average | 162.326 % | £178,558 | £288,558 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Dec 2021 | £416,613 | £386,000 | 37 DEWEY ROAD |
| 1 Oct 2021 | £217,360 | £195,000 | 100 SHAFTER ROAD |
| 7 May 2021 | £216,297 | £190,000 | 122 SHAFTER ROAD |
| 16 Feb 2021 | £223,006 | £195,000 | 22 SHAFTER ROAD |
| 11 Dec 2020 | £335,301 | £290,000 | 5 DEWEY ROAD |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 12 Jul 2014. Using an estimated price of £268,842 means this house is valued at £5,170 per sq meter (£480 per sq foot).
The average size of a house on SHAFTER ROAD is 51 sq meters (552 sq feet).