£578,019
This estimated value is based upon the latest sale price for the house of £300,000 on 24 Aug 2004. 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 |
|---|---|
| £300,000 | 24 Aug 2004 |
| £142,500 | 16 Oct 1996 |
| Detached |
| Freehold |
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 August 2004 the House Price Index for GREATER LONDON was 77.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 92.673%.Applying this 92.673% change to the original purchase price of £300,000 results in an estimated price of approximately £578,019.
| 24 Aug 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 148.6 | 92.673 % | £300,000 | £278,019 | £578,019 |
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 | 121.056 % | £363,168 | £663,168 |
| 3 Month Average | 93.518 % | £280,554 | £580,554 |
| 6 Month Average | 102.877 % | £308,630 | £608,630 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Aug 2023 | £665,825 | £660,000 | 52 LAWNS WAY |
| 25 Aug 2023 | £211,853 | £210,000 | FLAT 4 HILLCREST COURT HORNDON ROAD |
| 12 Apr 2023 | £457,931 | £453,000 | 23 LAWNS WAY |
| 30 Sep 2021 | £463,365 | £430,000 | 51 LAWNS WAY |
| 19 Feb 2021 | £425,707 | £375,000 | 19 WILTON DRIVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Lawns Way |
| Apr 2024 | Drugs | Under investigation | On or near Lawns Way |
| Apr 2024 | Other theft | Under investigation | On or near Bartlow Gardens |
| Feb 2024 | Anti-social behaviour | On or near The Drive | |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near The Drive |