£452,873
This estimated value is based upon the latest sale price for the house of £367,500 on 16 Oct 2018. 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 |
---|---|
£367,500 | 16 Oct 2018 |
£158,000 | 21 Mar 2002 |
Terraced |
Freehold |
Floor Area: 106 sq meters or 1,140 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 2018 the House Price Index for GREATER LONDON was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.231%.Applying this 23.231% change to the original purchase price of £367,500 results in an estimated price of approximately £452,873.
16 Oct 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.6 | 148.6 | 23.231 % | £367,500 | £85,373 | £452,873 |
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 | 24.217 % | £88,998 | £456,498 |
3 Month Average | 7.652 % | £28,122 | £395,622 |
6 Month Average | 9.852 % | £36,204 | £403,704 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Nov 2023 | £482,138 | £475,000 | 11 HILLFOOT ROAD |
23 Jun 2023 | £430,211 | £425,000 | 89 MASHITERS HILL |
12 Apr 2023 | £457,931 | £453,000 | 23 LAWNS WAY |
15 Sep 2022 | £404,732 | £408,000 | 87 MASHITERS HILL |
31 Mar 2022 | £432,639 | £417,500 | 10 LAWNS WAY |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 26 Jan 2018. Using an estimated price of £452,874 means this house is valued at £4,272 per sq meter (£396 per sq foot).
The average size of a house on LAWNS WAY is 88 sq meters (951 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Other theft | Under investigation | On or near Bartlow Gardens |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Horndon Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Horndon Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Horndon Close |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Mashiters Hill |