£507,372
This estimated value is based upon the latest sale price for the house of £505,000 on 2 Aug 2022. 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 |
|---|---|
| £505,000 | 2 Aug 2022 |
| Semi-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 2022 the House Price Index for GREATER LONDON was 149.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.470%.Applying this 0.470% change to the original purchase price of £505,000 results in an estimated price of approximately £507,372.
| 2 Aug 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 149.7 | 0.470 % | £505,000 | £2,372 | £507,372 |
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 | -23.068 % | £-116,491 | £388,508 |
| 3 Month Average | 14.014 % | £70,771 | £575,771 |
| 6 Month Average | 1.664 % | £8,405 | £513,405 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £484,900 | £470,000 | 25 CLYDE WAY |
| 29 Sep 2023 | £424,355 | £415,000 | 5 DEVERON WAY |
| 22 Sep 2023 | £531,721 | £520,000 | 16 AYR WAY |
| 28 Feb 2023 | £352,354 | £350,000 | 7 DEVERON WAY |
| 8 Nov 2022 | £559,384 | £562,000 | 18 AYR WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Heather Gardens |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Heather Gardens |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Beauly Court |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Dee Way |
| Oct 2024 | Anti-social behaviour | On or near Dee Way |