£488,158
This estimated value is based upon the latest sale price for the house of £395,000 on 2 Dec 2019. 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 |
|---|---|
| £395,000 | 2 Dec 2019 |
| £203,000 | 5 Apr 2004 |
| 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 December 2019 the House Price Index for GREATER LONDON was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £395,000 results in an estimated price of approximately £488,158.
| 2 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £395,000 | £93,158 | £488,158 |
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 | 52.077 % | £205,702 | £600,702 |
| 3 Month Average | 33.252 % | £131,344 | £526,344 |
| 6 Month Average | 23.676 % | £93,518 | £488,518 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Aug 2023 | £565,194 | £555,000 | 112 HAINAULT ROAD |
| 28 Jun 2023 | £464,305 | £455,000 | 89 ROSEDALE ROAD |
| 17 Jan 2023 | £681,822 | £680,000 | 24 COLLIER ROW LANE |
| 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 88 sq meters or 947 sq feet when measured on 3 Jul 2019. Using an estimated price of £488,159 means this house is valued at £5,547 per sq meter (£515 per sq foot).
The average size of a house on COLLIER ROW LANE is 90 sq meters (970 sq feet).
| 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 |