£425,814
This estimated value is based upon the latest sale price for the house of £172,500 on 21 Feb 2003. 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 |
---|---|
£172,500 | 21 Feb 2003 |
Semi-Detached |
Freehold |
Floor Area: 93 sq meters or 1,001 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 February 2003 the House Price Index for GREATER LONDON was 60.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 146.849%.Applying this 146.849% change to the original purchase price of £172,500 results in an estimated price of approximately £425,814.
21 Feb 2003 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
60.6 | 149.7 | 146.849 % | £172,500 | £253,314 | £425,814 |
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 | 201.192 % | £347,055 | £519,555 |
3 Month Average | 153.695 % | £265,123 | £437,623 |
6 Month Average | 146.229 % | £252,244 | £424,744 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
7 Mar 2024 | £324,993 | £320,000 | 263 HILLRISE ROAD |
8 Sep 2023 | £409,016 | £400,000 | 248 HIGHFIELD ROAD |
15 Jun 2023 | £510,225 | £500,000 | 43 AVELON ROAD |
7 Jun 2023 | £418,384 | £410,000 | 22 ASHVALE GARDENS |
27 Jan 2023 | £431,152 | £430,000 | 41 ASHVALE GARDENS |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 8 Dec 2021. Using an estimated price of £425,815 means this house is valued at £4,578 per sq meter (£425 per sq foot).
The average size of a house on HIGHFIELD ROAD is 81 sq meters (879 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Drugs | Under investigation | On or near Ashvale Gardens |
Apr 2024 | Vehicle crime | Under investigation | On or near Merlin Road |