£3,176,805
This estimated value is based upon the latest sale price for the house of £2,850,000 on 14 Oct 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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120 North Street, Hornchurch, RM11 1SU
Phone: 02081150913
| Price Paid | Date |
|---|---|
| £2,850,000 | 14 Oct 2021 |
| £2,500,000 | 7 Dec 2018 |
| £1,250,000 | 11 Aug 2006 |
| Detached |
| Freehold |
| Floor Area: 900 sq meters or 9,687 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 October 2021 the House Price Index for GREATER LONDON was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £2,850,000 results in an estimated price of approximately £3,176,805.
| 14 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 149.7 | 11.467 % | £2,850,000 | £326,805 | £3,176,805 |
The Postcode Pricing Model uses changes in average sales price within the RM11 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 | -28.660 % | £-816,821 | £2,033,178 |
| 3 Month Average | 0.853 % | £24,315 | £2,874,315 |
| 6 Month Average | 8.674 % | £247,221 | £3,097,221 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Oct 2024 | £1,445,000 | £1,445,000 | 71 PARKSTONE AVENUE |
| 11 Jul 2024 | £1,222,000 | £1,222,000 | 81 PARKSTONE AVENUE |
| 8 Dec 2023 | £876,947 | £850,000 | 8 FAIRLAWNS CLOSE |
| 10 Nov 2023 | £1,026,045 | £1,000,000 | 40 HERBERT ROAD |
| 31 Mar 2023 | £1,016,985 | £1,000,001 | 3 OAKWOOD CHASE |
This house has a floor area of 900 sq meters or 9,687 sq feet when measured on 25 Feb 2019. Using an estimated price of £3,176,806 means this house is valued at £3,529 per sq meter (£327 per sq foot).
The average size of a house on PARKSTONE AVENUE is 297 sq meters (3,203 sq feet).
This house is the largest in the street with a floor area of 900 sq meters (9,687 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Oakwood Chase |
| Oct 2024 | Anti-social behaviour | On or near Burges Close | |
| Oct 2024 | Anti-social behaviour | On or near Burges Close | |
| Oct 2024 | Public order | Under investigation | On or near The Lombards |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near The Lombards |