£726,235
This estimated value is based upon the latest sale price for the house of £685,000 on 14 Jan 2022. 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 |
|---|---|
| £685,000 | 14 Jan 2022 |
| £368,000 | 24 Jan 2013 |
| £370,000 | 17 Nov 2006 |
| Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 January 2022 the House Price Index for GREATER LONDON was 141.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 6.020%.Applying this 6.020% change to the original purchase price of £685,000 results in an estimated price of approximately £726,235.
| 14 Jan 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 149.7 | 6.020 % | £685,000 | £41,235 | £726,235 |
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 | 30.504 % | £208,950 | £893,950 |
| 3 Month Average | 5.125 % | £35,107 | £720,107 |
| 6 Month Average | 3.715 % | £25,450 | £710,450 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2023 | £465,256 | £455,000 | 38 THORNCROFT |
| 30 Jun 2023 | £510,225 | £500,000 | 80 CRANHAM ROAD |
| 6 Apr 2023 | £636,913 | £625,000 | 26 CRANHAM ROAD |
| 13 Jan 2023 | £320,857 | £320,000 | 35 THORNCROFT |
| 21 Oct 2022 | £398,668 | £400,000 | 272 BRENTWOOD ROAD |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 8 Feb 2016. Using an estimated price of £726,236 means this house is valued at £6,787 per sq meter (£630 per sq foot).
The average size of a house on THORNCROFT is 101 sq meters (1,089 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jun 2024 | Anti-social behaviour | On or near Thorncroft | |
| Jun 2024 | Anti-social behaviour | On or near Thorncroft | |
| Jun 2024 | Anti-social behaviour | On or near Thorncroft | |
| Jun 2024 | Anti-social behaviour | On or near Thorncroft | |
| Sep 2024 | Vehicle crime | Unable to prosecute suspect | On or near Osborne Close |