£394,343
This estimated value is based upon the latest sale price for the house of £84,000 on 26 Jun 1998. 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 |
---|---|
£84,000 | 26 Jun 1998 |
£56,500 | 3 Nov 1997 |
Terraced |
Freehold |
Floor Area: 82 sq meters or 882 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 1998 the House Price Index for GREATER LONDON was 31.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 369.456%.Applying this 369.456% change to the original purchase price of £84,000 results in an estimated price of approximately £394,343.
26 Jun 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.7 | 148.6 | 369.456 % | £84,000 | £310,343 | £394,343 |
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 | 441.670 % | £371,002 | £455,002 |
3 Month Average | 336.754 % | £282,873 | £366,873 |
6 Month Average | 361.730 % | £303,853 | £387,853 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Nov 2023 | £482,138 | £475,000 | 11 HILLFOOT ROAD |
15 Nov 2023 | £406,011 | £400,000 | 15 HORNDON ROAD |
13 Jul 2023 | £430,798 | £425,000 | 51 HORNDON ROAD |
1 Mar 2023 | £413,899 | £410,000 | 71 HILLFOOT ROAD |
7 Feb 2023 | £239,839 | £240,000 | 11 WILLIAM CLOSE |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 11 Apr 2016. Using an estimated price of £394,343 means this house is valued at £4,809 per sq meter (£446 per sq foot).
The average size of a house on HORNDON ROAD is 85 sq meters (919 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Drugs | Under investigation | On or near Mowbrays Road |
Jan 2024 | Drugs | Local resolution | On or near Mowbrays Road |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Horndon Road |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Adams Close |
Apr 2024 | Vehicle crime | Under investigation | On or near Takeley Close |