£358,291
This estimated value is based upon the latest sale price for the house of £290,000 on 5 Jun 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1885 High Road, Chadwell Heath, RM6 4AL
Phone: 02081667329
Price Paid | Date |
---|---|
£290,000 | 5 Jun 2019 |
£290,000 | 19 Dec 2008 |
Terraced |
Freehold |
Floor Area: 71 sq meters or 764 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 June 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.549%.Applying this 23.549% change to the original purchase price of £290,000 results in an estimated price of approximately £358,291.
5 Jun 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.549 % | £290,000 | £68,291 | £358,291 |
The Postcode Pricing Model uses changes in average sales price within the RM6 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 | 67.383 % | £195,409 | £485,409 |
3 Month Average | 30.066 % | £87,191 | £377,191 |
6 Month Average | 21.553 % | £62,503 | £352,503 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Mar 2023 | £500,717 | £496,000 | 147 GRESHAM DRIVE |
28 Oct 2022 | £455,100 | £460,000 | 87 GRESHAM DRIVE |
5 May 2022 | £270,089 | £265,000 | FLAT 27 SWAFFHAM COURT GLANDFORD WAY |
25 Apr 2022 | £471,648 | £458,000 | 107 GRESHAM DRIVE |
11 Feb 2022 | £471,913 | £450,000 | 46 GRESHAM DRIVE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 28 Jan 2018. Using an estimated price of £358,291 means this house is valued at £5,046 per sq meter (£468 per sq foot).
The average size of a house on GRESHAM DRIVE is 83 sq meters (901 sq feet).