£298,606
This estimated value is based upon the latest sale price for the house of £186,950 on 17 Jan 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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209 Station Lane, Hornchurch, RM12 6LL
Phone: 01708573759
Price Paid | Date |
---|---|
£186,950 | 17 Jan 2014 |
£86,000 | 20 Apr 2001 |
Detached |
Leasehold |
Floor Area: 68 sq meters or 741 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 January 2014 the House Price Index for GREATER LONDON was 93.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 59.725%.Applying this 59.725% change to the original purchase price of £186,950 results in an estimated price of approximately £298,606.
17 Jan 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
93.0 | 148.6 | 59.725 % | £186,950 | £111,656 | £298,606 |
The Postcode Pricing Model uses changes in average sales price within the RM12 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 | 52.826 % | £98,758 | £285,708 |
3 Month Average | 72.284 % | £135,134 | £322,084 |
6 Month Average | 78.359 % | £146,491 | £333,441 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Sep 2023 | £567,253 | £560,000 | 89 SUTTONS LANE |
18 Aug 2023 | £655,737 | £650,000 | 7 VAUGHAN AVENUE |
17 Mar 2023 | £671,325 | £665,000 | 27 WINIFRED AVENUE |
16 Jan 2023 | £457,843 | £460,000 | 77 SUTTONS LANE |
12 Aug 2022 | £633,295 | £635,000 | 8 SUTTONS LANE |
This house has a floor area of 68 sq meters or 741 sq feet when measured on 11 Aug 2009. Using an estimated price of £298,606 means this house is valued at £4,335 per sq meter (£402 per sq foot).
The average size of a house on VAUGHAN AVENUE is 91 sq meters (983 sq feet).
This house is the smallest in the street with a floor area of 68 sq meters (741 sq feet).