£448,377
This estimated value is based upon the latest sale price for the house of £362,500 on 1 Aug 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Old Mill Parade, Victoria Road, Romford, RM1 2HU
Phone: 01708573434
Price Paid | Date |
---|---|
£362,500 | 1 Aug 2018 |
£249,995 | 21 Jun 2006 |
£165,000 | 8 Mar 2006 |
£54,500 | 29 Nov 1995 |
Terraced |
Freehold |
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 August 2018 the House Price Index for GREATER LONDON was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £362,500 results in an estimated price of approximately £448,377.
1 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.1 | 148.6 | 23.690 % | £362,500 | £85,877 | £448,377 |
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 | -46.436 % | £-168,331 | £194,168 |
3 Month Average | 45.737 % | £165,795 | £528,295 |
6 Month Average | 35.427 % | £128,423 | £490,923 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Mar 2024 | £475,000 | £475,000 | 11 KING EDWARD ROAD |
31 Mar 2023 | £522,422 | £517,500 | 2 QUEEN MARY CLOSE |
22 Sep 2022 | £428,539 | £432,000 | 4 QUEEN MARY CLOSE |
11 Jul 2022 | £481,296 | £480,000 | 21 KINGSMEAD AVENUE |
29 Jun 2022 | £263,727 | £260,000 | FLAT 2 TOLBUT COURT LENNOX CLOSE |
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Drugs | Local resolution | On or near Thurloe Gardens |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Alexandra Road |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Alexandra Road |