£514,386
This estimated value is based upon the latest sale price for the house of £405,000 on 18 Aug 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
Price Paid | Date |
---|---|
£405,000 | 18 Aug 2017 |
Semi-Detached |
Freehold |
Floor Area: 79 sq meters or 850 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 August 2017 the House Price Index for GREATER LONDON was 117.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 27.009%.Applying this 27.009% change to the original purchase price of £405,000 results in an estimated price of approximately £514,386.
18 Aug 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
117.0 | 148.6 | 27.009 % | £405,000 | £109,386 | £514,386 |
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 | -40.574 % | £-164,323 | £240,676 |
3 Month Average | 13.228 % | £53,572 | £458,572 |
6 Month Average | 25.304 % | £102,480 | £507,480 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £478,370 | £470,000 | 25 CLYDE WAY |
1 Dec 2023 | £549,616 | £540,000 | 60 AYR WAY |
29 Nov 2023 | £634,392 | £625,000 | 36 AYR WAY |
22 Sep 2023 | £526,735 | £520,000 | 16 AYR WAY |
8 Nov 2022 | £555,274 | £562,000 | 18 AYR WAY |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 17 Feb 2017. Using an estimated price of £514,386 means this house is valued at £6,511 per sq meter (£604 per sq foot).
The average size of a house on ANNAN WAY is 124 sq meters (1,342 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Ayr Way |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wood View Mews |
Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Wood View Mews |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wood View Mews |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Esk Way |