£412,077
This estimated value is based upon the latest sale price for the house of £249,999 on 18 Oct 2013. 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 |
---|---|
£249,999 | 18 Oct 2013 |
£227,500 | 30 Mar 2007 |
£103,000 | 1 Oct 1999 |
Terraced |
Freehold |
Floor Area: 73 sq meters or 785 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 October 2013 the House Price Index for GREATER LONDON was 90.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 64.832%.Applying this 64.832% change to the original purchase price of £249,999 results in an estimated price of approximately £412,077.
18 Oct 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
90.8 | 149.7 | 64.832 % | £249,999 | £162,078 | £412,077 |
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 | 111.437 % | £278,592 | £528,591 |
3 Month Average | 78.914 % | £197,284 | £447,283 |
6 Month Average | 68.768 % | £171,918 | £421,917 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Dec 2023 | £595,292 | £577,000 | 13 PHILAN WAY |
13 Nov 2023 | £323,204 | £315,000 | 7 CHELMSFORD AVENUE |
24 Aug 2023 | £524,459 | £515,000 | 21 MOUNT PLEASANT ROAD |
14 Oct 2022 | £528,236 | £530,000 | 19A MOUNT PLEASANT ROAD |
26 Jun 2022 | £245,242 | £240,000 | 12 PHILAN WAY |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 3 Feb 2016. Using an estimated price of £412,078 means this house is valued at £5,644 per sq meter (£524 per sq foot).
The average size of a house on MOUNT PLEASANT ROAD is 92 sq meters (994 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Violence and sexual offences | Under investigation | On or near Philan Way |
Apr 2024 | Other crime | Under investigation | On or near Mount Pleasant Road |
Apr 2024 | Public order | Under investigation | On or near Chase Cross Road |