£178,908
This estimated value is based upon the latest sale price for the house of £168,750 on 31 Jan 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Collier Row Road, Romford, RM5 3NP
Phone: 01708573005
| Price Paid | Date |
|---|---|
| £168,750 | 31 Jan 2022 |
| £95,000 | 10 Aug 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 January 2022 the House Price Index for GREATER LONDON was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £168,750 results in an estimated price of approximately £178,908.
| 31 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 149.7 | 6.020 % | £168,750 | £10,158 | £178,908 |
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 | 42.638 % | £71,952 | £240,702 |
| 3 Month Average | 3.670 % | £6,193 | £174,943 |
| 6 Month Average | 3.290 % | £5,552 | £174,302 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Mar 2024 | £421,476 | £415,000 | 1 MAIDSTONE AVENUE |
| 18 Apr 2023 | £438,043 | £429,850 | 10 MAIDSTONE AVENUE |
| 31 Jan 2023 | £487,603 | £486,300 | 13 HAYDEN WAY |
| 26 Sep 2022 | £446,702 | £447,000 | 40 COLLIER ROW LANE |
| 22 Jul 2022 | £303,036 | £300,000 | 39 COLLIER ROW LANE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 4 Feb 2014. Using an estimated price of £178,908 means this house is valued at £3,084 per sq meter (£286 per sq foot).
There is one other house on the street which we know the size of, this is 31 PROSPECT PLACE it is 57.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Wainfleet Avenue |
| Apr 2024 | Vehicle crime | Under investigation | On or near Wainfleet Avenue |