£360,234
This estimated value is based upon the latest sale price for the house of £245,000 on 15 May 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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27 Gobions Avenue, Romford, RM5 3SS
Phone: 01708954923
Price Paid | Date |
---|---|
£245,000 | 15 May 2015 |
£183,000 | 22 Jan 2010 |
£113,000 | 1 Mar 2002 |
Terraced |
Freehold |
Floor Area: 85 sq meters or 916 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 May 2024 is 149.7 which is a change of 47.034%.Applying this 47.034% change to the original purchase price of £245,000 results in an estimated price of approximately £360,234.
15 May 2015 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
101.8 | 149.7 | 47.034 % | £245,000 | £115,234 | £360,234 |
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 | 47.924 % | £117,412 | £362,412 |
3 Month Average | 44.864 % | £109,917 | £354,917 |
6 Month Average | 38.437 % | £94,171 | £339,171 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
9 Jun 2023 | £377,566 | £370,000 | 135 HILLRISE ROAD |
8 Jun 2022 | £371,951 | £364,000 | 12 HAWKHURST GARDENS |
27 Apr 2022 | £240,423 | £231,750 | 142 HIGHFIELD ROAD |
26 Apr 2022 | £435,717 | £420,000 | 175 HIGHFIELD ROAD |
6 Apr 2022 | £401,482 | £387,000 | 94 BELLE VUE ROAD |
This house has a floor area of 85 sq meters or 916 sq feet when measured on 22 Oct 2009. Using an estimated price of £360,234 means this house is valued at £4,230 per sq meter (£392 per sq foot).
The average size of a house on HIGHFIELD ROAD is 81 sq meters (879 sq feet).