£324,302
This estimated value is based upon the latest sale price for the house of £260,000 on 25 May 2018. 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 |
|---|---|
| £260,000 | 25 May 2018 |
| £49,995 | 22 Oct 1997 |
| Terraced |
| Leasehold |
| Floor Area: 40 sq meters or 430 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 May 2018 the House Price Index for GREATER LONDON was 119.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.732%.Applying this 24.732% change to the original purchase price of £260,000 results in an estimated price of approximately £324,302.
| 25 May 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 148.6 | 24.732 % | £260,000 | £64,302 | £324,302 |
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 | 16.528 % | £42,972 | £302,972 |
| 3 Month Average | 15.039 % | £39,100 | £299,100 |
| 6 Month Average | 20.395 % | £53,028 | £313,028 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £288,268 | £284,000 | 268 COLLIER ROW LANE |
| 1 Sep 2023 | £281,094 | £277,500 | 18A ERITH CRESCENT |
| 28 Nov 2022 | £271,709 | £275,000 | 7A ERITH CRESCENT |
| 22 Apr 2022 | £370,728 | £360,000 | 26 PLAYFIELD AVENUE |
| 9 Mar 2022 | £388,598 | £375,000 | 36 FULLERS CLOSE |
This house has a floor area of 40 sq meters or 430 sq feet when measured on 12 Oct 2015. Using an estimated price of £324,303 means this house is valued at £8,107 per sq meter (£753 per sq foot).
The average size of a house on ERITH CRESCENT is 51 sq meters (552 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Erith Crescent |
| Jan 2024 | Shoplifting | Under investigation | On or near Parking Area |
| Jan 2024 | Shoplifting | Under investigation | On or near Parking Area |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |
| Jan 2024 | Other theft | Under investigation | On or near Parking Area |