£625,848
This estimated value is based upon the latest sale price for the house of £475,000 on 7 Nov 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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27 Gobions Avenue, Romford, RM5 3SS
Phone: 01708954923
| Price Paid | Date |
|---|---|
| £475,000 | 7 Nov 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 123 sq meters or 1,323 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 November 2016 the House Price Index for GREATER LONDON was 112.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 31.758%.Applying this 31.758% change to the original purchase price of £475,000 results in an estimated price of approximately £625,848.
| 7 Nov 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 148.6 | 31.758 % | £475,000 | £150,848 | £625,848 |
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 | 45.950 % | £218,262 | £693,262 |
| 3 Month Average | 15.722 % | £74,677 | £549,677 |
| 6 Month Average | 16.504 % | £78,392 | £553,392 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £587,275 | £577,000 | 13 PHILAN WAY |
| 13 Nov 2023 | £319,734 | £315,000 | 7 CHELMSFORD AVENUE |
| 24 Aug 2023 | £519,545 | £515,000 | 21 MOUNT PLEASANT ROAD |
| 14 Oct 2022 | £524,354 | £530,000 | 19A MOUNT PLEASANT ROAD |
| 26 Apr 2022 | £381,026 | £370,000 | 30 BELLE VUE ROAD |
This house has a floor area of 123 sq meters or 1,323 sq feet when measured on 13 Jul 2016. Using an estimated price of £625,849 means this house is valued at £5,088 per sq meter (£472 per sq foot).
The average size of a house on MOUNT PLEASANT ROAD is 92 sq meters (994 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Philan Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Philan Way |
| Feb 2024 | Vehicle crime | Under investigation | On or near Philan Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Bellevue Road |
| Feb 2024 | Burglary | Under investigation | On or near Paceheath Close |