£511,187
This estimated value is based upon the latest sale price for the house of £300,000 on 13 Dec 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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33 Upminster Road South, Rainham, RM13 9YS
Phone: 01708573584
| Price Paid | Date |
|---|---|
| £300,000 | 13 Dec 2012 |
| Detached |
| Freehold |
| Floor Area: 90 sq meters or 968 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 December 2012 the House Price Index for GREATER LONDON was 87.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 70.396%.Applying this 70.396% change to the original purchase price of £300,000 results in an estimated price of approximately £511,187.
| 13 Dec 2012 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.9 | 149.7 | 70.396 % | £300,000 | £211,187 | £511,187 |
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 | 117.160 % | £351,480 | £651,480 |
| 3 Month Average | 112.802 % | £338,404 | £638,404 |
| 6 Month Average | 86.052 % | £258,156 | £558,156 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Aug 2023 | £529,551 | £520,000 | 382 UPMINSTER ROAD NORTH |
| 21 Mar 2023 | £559,341 | £550,000 | 11 WARWICK ROAD |
| 24 Feb 2023 | £463,093 | £460,000 | WESTHOLME LAMBS LANE NORTH |
| 16 Feb 2023 | £483,228 | £480,000 | 348 UPMINSTER ROAD NORTH |
| 18 Jan 2023 | £413,605 | £412,500 | 32 WARWICK ROAD |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 24 May 2012. Using an estimated price of £511,187 means this house is valued at £5,679 per sq meter (£527 per sq foot).
The average size of a house on LAMBS LANE NORTH is 127 sq meters (1,375 sq feet).