£363,413
This estimated value is based upon the latest sale price for the house of £290,000 on 29 Jun 2018. 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 |
|---|---|
| £290,000 | 29 Jun 2018 |
| Terraced |
| Freehold |
| Floor Area: 95 sq meters or 1,022 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 2018 the House Price Index for GREATER LONDON was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £290,000 results in an estimated price of approximately £363,413.
| 29 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £290,000 | £73,413 | £363,413 |
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 | 55.473 % | £160,872 | £450,872 |
| 3 Month Average | 21.614 % | £62,681 | £352,681 |
| 6 Month Average | 15.384 % | £44,614 | £334,614 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £422,731 | £412,000 | 8 MERLIN CLOSE |
| 24 Mar 2023 | £466,796 | £459,000 | 294 CHASE CROSS ROAD |
| 23 Feb 2023 | £240,104 | £238,500 | 84 CHELMSFORD AVENUE |
| 17 Oct 2022 | £284,051 | £285,000 | 77 GALLEYWOOD CRESCENT |
| 25 Apr 2022 | £539,459 | £520,000 | 290 CHASE CROSS ROAD |
This house has a floor area of 95 sq meters or 1,022 sq feet when measured on 30 Jun 2016. Using an estimated price of £363,414 means this house is valued at £3,825 per sq meter (£355 per sq foot).
The average size of a house on CHASE CROSS ROAD is 97 sq meters (1,051 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Merlin Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Bushy Close |
| Apr 2024 | Vehicle crime | Under investigation | On or near Merlin Road |