£494,891
This estimated value is based upon the latest sale price for the house of £319,000 on 5 Nov 2007. 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 |
|---|---|
| £319,000 | 5 Nov 2007 |
| £155,000 | 30 Sep 1999 |
| Detached |
| Freehold |
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 November 2007 the House Price Index for GREATER LONDON was 95.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.138%.Applying this 55.138% change to the original purchase price of £319,000 results in an estimated price of approximately £494,891.
| 5 Nov 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.8 | 148.6 | 55.138 % | £319,000 | £175,891 | £494,891 |
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 | 100.720 % | £321,296 | £640,296 |
| 3 Month Average | 67.871 % | £216,508 | £535,508 |
| 6 Month Average | 75.498 % | £240,837 | £559,837 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 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 |
| 27 Apr 2023 | £313,374 | £310,000 | 248 CHASE CROSS ROAD |
| 23 Feb 2023 | £274,815 | £275,000 | 41 CHELMSFORD AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other crime | Under investigation | On or near Mount Pleasant Road |
| 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 |