£394,507
This estimated value is based upon the latest sale price for the house of £274,000 on 28 Aug 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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82 Rainham Road, Rainham, RM13 7RJ
Phone: 01708629054
| Price Paid | Date |
|---|---|
| £274,000 | 28 Aug 2015 |
| Detached |
| Freehold |
| Floor Area: 67 sq meters or 721 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 August 2015 the House Price Index for GREATER LONDON was 104.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 43.981%.Applying this 43.981% change to the original purchase price of £274,000 results in an estimated price of approximately £394,507.
| 28 Aug 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 104.0 | 149.7 | 43.981 % | £274,000 | £120,507 | £394,507 |
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 | 66.662 % | £182,655 | £456,655 |
| 3 Month Average | 41.393 % | £113,417 | £387,417 |
| 6 Month Average | 56.258 % | £154,148 | £428,148 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 27 Oct 2022 | £455,479 | £457,000 | 13 FREDERICK ROAD |
| 4 Jul 2022 | £481,828 | £477,000 | 39 FREDERICK ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 29 Apr 2015. Using an estimated price of £394,507 means this house is valued at £5,888 per sq meter (£547 per sq foot).
The average size of a house on BETTERTON ROAD is 94 sq meters (1,013 sq feet).