£254,263
This estimated value is based upon the latest sale price for the house of £54,000 on 21 May 1998. 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 |
|---|---|
| £54,000 | 21 May 1998 |
| Flats/Maisonettes |
| Leasehold |
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 May 1998 the House Price Index for GREATER LONDON was 31.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 370.858%.Applying this 370.858% change to the original purchase price of £54,000 results in an estimated price of approximately £254,263.
| 21 May 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.6 | 148.6 | 370.858 % | £54,000 | £200,263 | £254,263 |
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 | 428.806 % | £231,555 | £285,555 |
| 3 Month Average | 339.116 % | £183,122 | £237,122 |
| 6 Month Average | 365.316 % | £197,270 | £251,270 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Apr 2023 | £313,374 | £310,000 | 248 CHASE CROSS ROAD |
| 23 Feb 2023 | £274,815 | £275,000 | 41 CHELMSFORD AVENUE |
| 23 Feb 2023 | £238,340 | £238,500 | 84 CHELMSFORD AVENUE |
| 26 Oct 2022 | £267,124 | £270,000 | 55 CHELMSFORD AVENUE |
| 1 Jul 2022 | £283,263 | £282,500 | 17 GOBIONS AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Chelmsford Avenue |
| Feb 2024 | Other theft | Under investigation | On or near Chelmsford Avenue |
| Mar 2024 | Anti-social behaviour | On or near Broomfield Close | |
| Jan 2024 | Vehicle crime | Under investigation | On or near Broomfield Close |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Swansea Close |