£495,259
This estimated value is based upon the latest sale price for the house of £352,000 on 5 Oct 2015. 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 |
|---|---|
| £352,000 | 5 Oct 2015 |
| Detached |
| Freehold |
| Floor Area: 65 sq meters or 699 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 2015 the House Price Index for GREATER LONDON was 105.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 40.699%.Applying this 40.699% change to the original purchase price of £352,000 results in an estimated price of approximately £495,259.
| 5 Oct 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 105.6 | 148.6 | 40.699 % | £352,000 | £143,259 | £495,259 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | -33.980 % | £-119,608 | £232,391 |
| 3 Month Average | 31.481 % | £110,811 | £462,811 |
| 6 Month Average | 37.784 % | £133,000 | £485,000 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £496,690 | £488,000 | 29 MARSHALLS DRIVE |
| 27 Nov 2023 | £535,427 | £527,500 | 40 FONTAYNE AVENUE |
| 30 Jun 2023 | £642,786 | £635,000 | 11 HILL GROVE |
| 3 Apr 2023 | £510,497 | £505,000 | 62 MARSHALLS DRIVE |
| 23 Feb 2023 | £499,664 | £500,000 | 33 MARSHALLS DRIVE |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 23 Jun 2014. Using an estimated price of £495,260 means this house is valued at £7,619 per sq meter (£707 per sq foot).
The average size of a house on MARSHALLS DRIVE is 101 sq meters (1,088 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fontayne Avenue |
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Fairoak Gardens |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mcintosh Close |