£642,197
This estimated value is based upon the latest sale price for the house of £440,000 on 15 May 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
Price Paid | Date |
---|---|
£440,000 | 15 May 2015 |
£230,000 | 16 Nov 2012 |
Detached |
Freehold |
Floor Area: 146 sq meters or 1,571 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 2015 the House Price Index for GREATER LONDON was 101.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.954%.Applying this 45.954% change to the original purchase price of £440,000 results in an estimated price of approximately £642,197.
15 May 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
101.8 | 148.6 | 45.954 % | £440,000 | £202,197 | £642,197 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | -32.080 % | £-141,150 | £298,849 |
3 Month Average | 38.163 % | £167,917 | £607,917 |
6 Month Average | 45.964 % | £202,243 | £642,243 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
8 Nov 2023 | £233,456 | £230,000 | FLAT 24 LINTON COURT RISE PARK PARADE |
14 Jun 2023 | £298,617 | £295,000 | FLAT 14 GREAT PETTITS COURT, 130 PETTITS LANE |
16 Jan 2023 | £512,585 | £515,000 | 4 ACORN CLOSE |
4 Jan 2023 | £602,163 | £605,000 | 11 THE ELKINS |
8 Nov 2022 | £286,529 | £290,000 | FLAT 1 GREAT PETTITS COURT, 130 PETTITS LANE |
This house has a floor area of 146 sq meters or 1,571 sq feet when measured on 22 Jun 2013. Using an estimated price of £642,198 means this house is valued at £4,398 per sq meter (£408 per sq foot).
The average size of a house on PETTITS LANE is 118 sq meters (1,273 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Under investigation | On or near The Elkins |
Jan 2024 | Robbery | Under investigation | On or near The Elkins |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Pettits Boulevard |