£431,821
This estimated value is based upon the latest sale price for the house of £300,000 on 9 Jul 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
Price Paid | Date |
---|---|
£300,000 | 9 Jul 2015 |
Semi-Detached |
Freehold |
Floor Area: 80 sq meters or 861 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 July 2015 the House Price Index for GREATER LONDON was 103.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 43.941%.Applying this 43.941% change to the original purchase price of £300,000 results in an estimated price of approximately £431,821.
9 Jul 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
103.2 | 148.6 | 43.941 % | £300,000 | £131,821 | £431,821 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | -33.661 % | £-100,983 | £199,016 |
3 Month Average | 35.758 % | £107,274 | £407,274 |
6 Month Average | 43.744 % | £131,232 | £431,232 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Jul 2022 | £268,723 | £268,000 | 173A NORTH STREET |
19 Apr 2022 | £242,003 | £235,000 | 226 NORTH STREET |
18 Feb 2022 | £179,647 | £171,305 | 224A NORTH STREET |
19 Jan 2022 | £473,584 | £450,000 | 50 SEYMER ROAD |
25 Oct 2021 | £514,512 | £465,000 | 6 SEYMER ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 4 Feb 2015. Using an estimated price of £431,822 means this house is valued at £5,397 per sq meter (£501 per sq foot).
The average size of a house on SEYMER ROAD is 90 sq meters (973 sq feet).