£375,935
This estimated value is based upon the latest sale price for the house of £290,000 on 5 May 2017. 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 |
|---|---|
| £290,000 | 5 May 2017 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 May 2017 the House Price Index for GREATER LONDON was 115.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 29.633%.Applying this 29.633% change to the original purchase price of £290,000 results in an estimated price of approximately £375,935.
| 5 May 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.5 | 149.7 | 29.633 % | £290,000 | £85,935 | £375,935 |
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 | -13.661 % | £-39,617 | £250,382 |
| 3 Month Average | 15.410 % | £44,688 | £334,688 |
| 6 Month Average | 21.697 % | £62,921 | £352,921 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jul 2024 | £590,000 | £590,000 | 162 RAINHAM ROAD |
| 7 Jun 2024 | £435,000 | £435,000 | 108 NELSON ROAD |
| 1 Dec 2023 | £490,059 | £475,000 | 177 RAINHAM ROAD |
| 25 Aug 2023 | £376,796 | £370,000 | 92 NELSON ROAD |
| 21 Aug 2023 | £394,108 | £387,000 | 12 WHYBRIDGE CLOSE |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 13 Feb 2017. Using an estimated price of £375,935 means this house is valued at £4,699 per sq meter (£436 per sq foot).
The average size of a house on NELSON ROAD is 83 sq meters (901 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Whitepost Lane | |
| Sep 2024 | Anti-social behaviour | On or near Whitepost Lane | |
| Sep 2024 | Anti-social behaviour | On or near Whitepost Lane | |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Whitepost Lane |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Whitepost Lane |