£282,249
This estimated value is based upon the latest sale price for the house of £52,500 on 31 Jan 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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33 Upminster Road South, Rainham, RM13 9YS
Phone: 01708573584
| Price Paid | Date |
|---|---|
| £52,500 | 31 Jan 1997 |
| Terraced |
| 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 January 1997 the House Price Index for GREATER LONDON was 27.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 437.617%.Applying this 437.617% change to the original purchase price of £52,500 results in an estimated price of approximately £282,249.
| 31 Jan 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.8 | 149.7 | 437.617 % | £52,500 | £229,749 | £282,249 |
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 | 543.366 % | £285,267 | £337,767 |
| 3 Month Average | 424.358 % | £222,787 | £275,287 |
| 6 Month Average | 459.225 % | £241,092 | £293,592 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jul 2024 | £465,000 | £465,000 | 12 EAST CLOSE |
| 27 Jun 2024 | £423,000 | £423,000 | 63 WANTZ LANE |
| 28 Feb 2023 | £407,724 | £405,000 | 107 INGREBOURNE ROAD |
| 3 Feb 2023 | £407,724 | £405,000 | 125 INGREBOURNE ROAD |
| 28 Feb 2022 | £448,994 | £425,000 | 179 WENNINGTON ROAD |