£340,489
This estimated value is based upon the latest sale price for the house of £240,000 on 4 Sep 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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105 East Road, Chadwell Heath, Romford, RM6 6YJ
Phone: 02030077365
Price Paid | Date |
---|---|
£240,000 | 4 Sep 2015 |
Semi-Detached |
Freehold |
Floor Area: 65 sq meters or 699 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 September 2015 the House Price Index for GREATER LONDON was 104.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 41.871%.Applying this 41.871% change to the original purchase price of £240,000 results in an estimated price of approximately £340,489.
4 Sep 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
104.7 | 148.6 | 41.871 % | £240,000 | £100,489 | £340,489 |
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 | 17.210 % | £41,304 | £281,304 |
3 Month Average | 33.624 % | £80,697 | £320,697 |
6 Month Average | 27.157 % | £65,177 | £305,177 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Sep 2023 | £283,626 | £280,000 | 118 BILLET ROAD |
20 Jan 2023 | £413,054 | £415,000 | 235 ROSE LANE |
15 Jul 2022 | £381,026 | £380,000 | 193 ROSE LANE |
11 Apr 2022 | £396,473 | £385,000 | 20 LONGHAYES AVENUE |
13 Sep 2021 | £237,070 | £220,000 | 22 ROLES GROVE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 13 Mar 2015. Using an estimated price of £340,489 means this house is valued at £5,238 per sq meter (£486 per sq foot).
The average size of a house on ROSE LANE is 81 sq meters (880 sq feet).