£256,640
This estimated value is based upon the latest sale price for the house of £190,000 on 4 Mar 2016. 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 |
|---|---|
| £190,000 | 4 Mar 2016 |
| £35,000 | 7 Sep 2000 |
| £59,000 | 24 Oct 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 March 2016 the House Price Index for GREATER LONDON was 110.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 35.074%.Applying this 35.074% change to the original purchase price of £190,000 results in an estimated price of approximately £256,640.
| 4 Mar 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.0 | 148.6 | 35.074 % | £190,000 | £66,640 | £256,640 |
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 | 57.998 % | £110,195 | £300,195 |
| 3 Month Average | 26.509 % | £50,367 | £240,367 |
| 6 Month Average | 28.099 % | £53,388 | £243,388 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £393,323 | £387,500 | 6 MOORLAND CLOSE |
| 8 Nov 2022 | £434,734 | £440,000 | 12 BIRDS FARM AVENUE |
| 4 Aug 2022 | £470,733 | £472,000 | 18 MOORLAND CLOSE |
| 21 Jan 2022 | £405,177 | £385,000 | 14 MOORLAND CLOSE |
| 21 Oct 2021 | £257,256 | £232,500 | FLAT 13 HITCHMAN HOUSE, 19A COLLIER ROW ROAD |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 29 Jul 2015. Using an estimated price of £256,640 means this house is valued at £4,277 per sq meter (£397 per sq foot).
The average size of a house on COLLIER ROW ROAD is 70 sq meters (757 sq feet).