£429,220
This estimated value is based upon the latest sale price for the house of £335,000 on 28 Jun 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Collier Row Road, Romford, RM5 3NP
Phone: 01708573005
| Price Paid | Date |
|---|---|
| £335,000 | 28 Jun 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 71 sq meters or 764 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 June 2017 the House Price Index for GREATER LONDON was 116.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 28.126%.Applying this 28.126% change to the original purchase price of £335,000 results in an estimated price of approximately £429,220.
| 28 Jun 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.0 | 148.6 | 28.126 % | £335,000 | £94,220 | £429,220 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | -0.211 % | £-708 | £334,291 |
| 3 Month Average | 7.741 % | £25,931 | £360,931 |
| 6 Month Average | 18.674 % | £62,557 | £397,557 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £452,925 | £445,000 | 31 VICTORY WAY |
| 6 Apr 2023 | £520,605 | £515,000 | 3 VICTORY WAY |
| 17 Jan 2023 | £447,890 | £450,000 | 13 PEARTREE GARDENS |
| 27 May 2022 | £388,317 | £381,000 | 22 PEARTREE GARDENS |
| 25 Feb 2022 | £411,088 | £392,000 | 18 ANSON CLOSE |
This house has a floor area of 71 sq meters or 764 sq feet when measured on 18 May 2017. Using an estimated price of £429,221 means this house is valued at £6,045 per sq meter (£561 per sq foot).
The average size of a house on VICTORY WAY is 86 sq meters (936 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Anson Close |
| Jan 2024 | Burglary | Under investigation | On or near Medway Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Valiant Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Valiant Close |
| Jan 2024 | Anti-social behaviour | On or near Lynton Avenue |