£365,914
This estimated value is based upon the latest sale price for the house of £300,000 on 15 Jan 2020. 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 |
---|---|
£300,000 | 15 Jan 2020 |
£280,000 | 18 Oct 2019 |
£59,000 | 27 Oct 1995 |
Terraced |
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 January 2020 the House Price Index for GREATER LONDON was 121.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 21.971%.Applying this 21.971% change to the original purchase price of £300,000 results in an estimated price of approximately £365,914.
15 Jan 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
121.8 | 148.6 | 21.971 % | £300,000 | £65,914 | £365,914 |
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 | 26.410 % | £79,230 | £379,230 |
3 Month Average | 14.302 % | £42,905 | £342,905 |
6 Month Average | 23.362 % | £70,087 | £370,087 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £418,191 | £412,000 | 8 MERLIN CLOSE |
25 Aug 2023 | £428,751 | £425,000 | 9 AVELON ROAD |
17 Jul 2023 | £440,935 | £435,000 | 52 AVELON ROAD |
15 Jun 2023 | £506,131 | £500,000 | 43 AVELON ROAD |
31 Mar 2023 | £398,757 | £395,000 | 30 MERLIN GARDENS |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 31 Oct 2021. Using an estimated price of £365,914 means this house is valued at £3,934 per sq meter (£365 per sq foot).
The average size of a house on MERLIN ROAD is 91 sq meters (990 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Merlin Close |
Mar 2024 | Other theft | Under investigation | On or near Merlin Close |
Apr 2024 | Vehicle crime | Under investigation | On or near Merlin Road |
Feb 2024 | Public order | Under investigation | On or near Merlin Road |
Feb 2024 | Anti-social behaviour | On or near Merlin Gardens |