£267,243
This estimated value is based upon the latest sale price for the house of £155,000 on 16 Dec 2010. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £155,000 | 16 Dec 2010 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 646 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 December 2010 the House Price Index for GREATER LONDON was 86.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.415%.Applying this 72.415% change to the original purchase price of £155,000 results in an estimated price of approximately £267,243.
| 16 Dec 2010 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.8 | 149.7 | 72.415 % | £155,000 | £112,243 | £267,243 |
The Postcode Pricing Model uses changes in average sales price within the RM11 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 | 103.254 % | £160,044 | £315,044 |
| 3 Month Average | 74.810 % | £115,956 | £270,956 |
| 6 Month Average | 57.211 % | £88,676 | £243,676 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jul 2024 | £565,000 | £565,000 | 63 ELMHURST DRIVE |
| 11 Nov 2022 | £632,045 | £635,000 | 66 ELMHURST DRIVE |
| 22 Jul 2022 | £727,287 | £720,000 | 57 ELMHURST DRIVE |
| 17 Jun 2022 | £1,788,225 | £1,750,000 | 73A HARROW DRIVE |
| 21 Mar 2022 | £782,950 | £750,000 | 119 ELMHURST DRIVE |
This house has a floor area of 60 sq meters or 646 sq feet when measured on 4 Sep 2009. Using an estimated price of £267,243 means this house is valued at £4,449 per sq meter (£413 per sq foot).
The average size of a house on HURSTLANDS CLOSE is 76 sq meters (820 sq feet).
This house is the smallest in the street with a floor area of 60 sq meters (646 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Hurstlands Close | |
| Aug 2024 | Anti-social behaviour | On or near Hurstlands Close | |
| Aug 2024 | Anti-social behaviour | On or near Hurstlands Close | |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hurstlands Close |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Osborne Road |