£574,003
This estimated value is based upon the latest sale price for the house of £562,500 on 2 Jun 2023. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Suite 6 Essex House, Station Road, Upminster, Essex, RM14 2SJ
Phone: 01708573659
Price Paid | Date |
---|---|
£562,500 | 2 Jun 2023 |
£530,000 | 16 Dec 2016 |
Flats/Maisonettes |
Leasehold |
Floor Area: 104 sq meters or 1,119 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 2023 the House Price Index for GREATER LONDON was 146.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.045%.Applying this 2.045% change to the original purchase price of £562,500 results in an estimated price of approximately £574,003.
2 Jun 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.7 | 149.7 | 2.045 % | £562,500 | £11,503 | £574,003 |
The Postcode Pricing Model uses changes in average sales price within the RM14 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 | 3.147 % | £17,702 | £580,202 |
3 Month Average | -5.136 % | £-28,889 | £533,610 |
6 Month Average | -15.966 % | £-89,807 | £472,692 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
2 Jun 2023 | £574,003 | £562,500 | 6 CONVENT CLOSE |
24 Mar 2023 | £419,506 | £412,500 | FLAT 21 MILLSTONE HOUSE, 80 ST MARY'S LANE |
22 Feb 2023 | £845,649 | £840,000 | 1 CONVENT CLOSE |
25 Nov 2022 | £846,044 | £850,000 | 2 CONVENT CLOSE |
11 Jul 2022 | £185,862 | £184,000 | 20 CARLTON CLOSE |
This house has a floor area of 104 sq meters or 1,119 sq feet when measured on 23 Sep 2020. Using an estimated price of £574,003 means this house is valued at £5,519 per sq meter (£512 per sq foot).
The average size of a house on CONVENT CLOSE is 218 sq meters (2,351 sq feet).
This house is the smallest in the street with a floor area of 104 sq meters (1,119 sq feet).