£184,136
This estimated value is based upon the latest sale price for the house of £150,000 on 28 Apr 2020. 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 |
|---|---|
| £150,000 | 28 Apr 2020 |
| £101,000 | 30 Aug 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 52 sq meters or 559 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 April 2020 the House Price Index for GREATER LONDON was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.758%.Applying this 22.758% change to the original purchase price of £150,000 results in an estimated price of approximately £184,136.
| 28 Apr 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.758 % | £150,000 | £34,136 | £184,136 |
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 | 18.166 % | £27,249 | £177,249 |
| 3 Month Average | 5.121 % | £7,681 | £157,681 |
| 6 Month Average | 13.998 % | £20,996 | £170,996 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Mar 2024 | £320,000 | £320,000 | 263 HILLRISE ROAD |
| 1 Nov 2023 | £248,174 | £244,500 | 171 HILLRISE ROAD |
| 12 Sep 2023 | £119,528 | £118,000 | 68 HIGHFIELD TOWERS HILLRISE ROAD |
| 31 Jul 2023 | £187,524 | £185,000 | 76 HIGHFIELD TOWERS HILLRISE ROAD |
| 7 Jun 2023 | £415,027 | £410,000 | 22 ASHVALE GARDENS |
This house has a floor area of 52 sq meters or 559 sq feet when measured on 17 Jan 2020. Using an estimated price of £184,137 means this house is valued at £3,541 per sq meter (£328 per sq foot).
The average size of a house on HILLRISE ROAD is 77 sq meters (831 sq feet).