£334,267
This estimated value is based upon the latest sale price for the house of £215,000 on 31 Oct 2007. 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 |
|---|---|
| £215,000 | 31 Oct 2007 |
| £98,500 | 17 Nov 2000 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 2007 the House Price Index for GREATER LONDON was 95.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.473%.Applying this 55.473% change to the original purchase price of £215,000 results in an estimated price of approximately £334,267.
| 31 Oct 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.6 | 148.6 | 55.473 % | £215,000 | £119,267 | £334,267 |
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 | 114.182 % | £245,491 | £460,491 |
| 3 Month Average | 68.323 % | £146,893 | £361,893 |
| 6 Month Average | 75.979 % | £163,355 | £378,355 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £406,011 | £400,000 | 15 HORNDON ROAD |
| 10 Aug 2023 | £353,089 | £350,000 | 36 SAFFRON ROAD |
| 13 Jul 2023 | £430,798 | £425,000 | 51 HORNDON ROAD |
| 1 Jun 2023 | £406,929 | £402,000 | 2 SAFFRON ROAD |
| 24 Feb 2023 | £474,681 | £475,000 | 24 HAYDEN WAY |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 31 Jan 2015. Using an estimated price of £334,268 means this house is valued at £3,342 per sq meter (£310 per sq foot).
The average size of a house on HORNDON ROAD is 85 sq meters (919 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Mowbrays Road |
| Jan 2024 | Drugs | Local resolution | On or near Mowbrays Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Ferndale Road |
| Apr 2024 | Vehicle crime | Under investigation | On or near Takeley Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Takeley Close |