£266,167
This estimated value is based upon the latest sale price for the house of £210,000 on 15 Sep 2017. 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 |
|---|---|
| £210,000 | 15 Sep 2017 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 September 2017 the House Price Index for GREATER LONDON was 117.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 26.747%.Applying this 26.747% change to the original purchase price of £210,000 results in an estimated price of approximately £266,167.
| 15 Sep 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 148.6 | 26.747 % | £210,000 | £56,167 | £266,167 |
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 | 50.470 % | £105,986 | £315,986 |
| 3 Month Average | 10.913 % | £22,917 | £232,917 |
| 6 Month Average | 13.572 % | £28,501 | £238,501 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Mar 2024 | £350,000 | £350,000 | 79 KINGSHILL AVENUE |
| 1 Nov 2023 | £248,174 | £244,500 | 171 HILLRISE ROAD |
| 22 Jun 2023 | £349,230 | £345,000 | 104 KINGSHILL AVENUE |
| 12 Apr 2023 | £359,369 | £355,500 | 128 KINGSHILL AVENUE |
| 7 Jul 2022 | £384,034 | £383,000 | 176 HILLRISE ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 25 Jul 2018. Using an estimated price of £266,168 means this house is valued at £4,032 per sq meter (£374 per sq foot).
The average size of a house on VERNON ROAD is 114 sq meters (1,232 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Vernon Road |
| Apr 2024 | Drugs | Under investigation | On or near Hollybush Close |
| Mar 2024 | Burglary | Under investigation | On or near Hollybush Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Hollybush Close |
| Feb 2024 | Anti-social behaviour | On or near Hollybush Close |