£318,977
This estimated value is based upon the latest sale price for the house of £175,000 on 17 Jul 2009. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
Price Paid | Date |
---|---|
£175,000 | 17 Jul 2009 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 947 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 2009 the House Price Index for GREATER LONDON was 81.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.273%.Applying this 82.273% change to the original purchase price of £175,000 results in an estimated price of approximately £318,977.
17 Jul 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
81.5 | 148.6 | 82.273 % | £175,000 | £143,977 | £318,977 |
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 | 129.738 % | £227,041 | £402,041 |
3 Month Average | 100.315 % | £175,551 | £350,551 |
6 Month Average | 103.555 % | £181,221 | £356,221 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Nov 2023 | £406,011 | £400,000 | 15 HORNDON ROAD |
19 Sep 2023 | £467,984 | £462,000 | 2B OAKS AVENUE |
25 Aug 2023 | £539,722 | £535,000 | 28 OAKS AVENUE |
24 Feb 2023 | £474,681 | £475,000 | 24 HAYDEN WAY |
19 Apr 2022 | £463,410 | £450,000 | 6 THAMESHILL AVENUE |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 5 Jun 2013. Using an estimated price of £318,977 means this house is valued at £3,624 per sq meter (£336 per sq foot).
The average size of a house on FERNDALE ROAD is 96 sq meters (1,043 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Under investigation | On or near Ferndale Road |
Apr 2024 | Anti-social behaviour | On or near Nolands Close | |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Saffron Road |
Jan 2024 | Anti-social behaviour | On or near Saffron Road | |
Jan 2024 | Anti-social behaviour | On or near Saffron Road |