£557,334
This estimated value is based upon the latest sale price for the house of £500,000 on 8 Oct 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Collier Row Road, Romford, RM5 3NP
Phone: 01708573005
Price Paid | Date |
---|---|
£500,000 | 8 Oct 2021 |
£350,000 | 17 Nov 2014 |
£250,000 | 20 Oct 2010 |
Semi-Detached |
Freehold |
Floor Area: 94 sq meters or 1,011 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 October 2021 the House Price Index for GREATER LONDON was 134.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 11.467%.Applying this 11.467% change to the original purchase price of £500,000 results in an estimated price of approximately £557,334.
8 Oct 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
134.3 | 149.7 | 11.467 % | £500,000 | £57,334 | £557,334 |
The Postcode Pricing Model uses changes in average sales price within the RM5 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 | 40.880 % | £204,401 | £704,401 |
3 Month Average | 14.019 % | £70,092 | £570,092 |
6 Month Average | -0.555 % | £-2,772 | £497,227 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
24 Nov 2023 | £397,593 | £387,500 | 6 MOORLAND CLOSE |
8 Nov 2022 | £437,952 | £440,000 | 12 BIRDS FARM AVENUE |
4 Aug 2022 | £474,217 | £472,000 | 18 MOORLAND CLOSE |
21 Jul 2022 | £458,595 | £454,000 | 33 LOWSHOE LANE |
21 Jan 2022 | £408,176 | £385,000 | 14 MOORLAND CLOSE |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 26 May 2021. Using an estimated price of £557,334 means this house is valued at £5,929 per sq meter (£550 per sq foot).
The average size of a house on ASH CLOSE is 102 sq meters (1,103 sq feet).
This house is the largest in the street with a floor area of 94 sq meters (1,011 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Shoplifting | Under investigation | On or near Ash Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Ash Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Ash Close |
Apr 2024 | Violence and sexual offences | Under investigation | On or near Ash Close |
Apr 2024 | Anti-social behaviour | On or near Moorland Close |