£992,908
This estimated value is based upon the latest sale price for the house of £975,000 on 25 Aug 2023. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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192 Main Road, Romford, RM2 5HA
Phone: 01708954929
Price Paid | Date |
---|---|
£975,000 | 25 Aug 2023 |
£299,950 | 31 Jul 1998 |
Detached |
Freehold |
Floor Area: 179 sq meters or 1,926 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 August 2023 the House Price Index for GREATER LONDON was 147.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 1.837%.Applying this 1.837% change to the original purchase price of £975,000 results in an estimated price of approximately £992,908.
25 Aug 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
147.0 | 149.7 | 1.837 % | £975,000 | £17,908 | £992,908 |
The Postcode Pricing Model uses changes in average sales price within the RM2 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 | 52.809 % | £514,885 | £1,489,885 |
3 Month Average | 20.737 % | £202,185 | £1,177,185 |
6 Month Average | 7.671 % | £74,787 | £1,049,787 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Jul 2024 | £850,000 | £850,000 | 15 BALGORES LANE |
21 Jun 2024 | £730,000 | £730,000 | 53 BALGORES LANE |
28 Sep 2023 | £460,143 | £450,000 | 18 STANLEY AVENUE |
1 Sep 2023 | £327,213 | £320,000 | 10 GEDDY COURT |
25 Aug 2023 | £992,908 | £975,000 | 100 BALGORES LANE |
This house has a floor area of 179 sq meters or 1,926 sq feet when measured on 22 Mar 2019. Using an estimated price of £992,908 means this house is valued at £5,546 per sq meter (£515 per sq foot).
The average size of a house on BALGORES LANE is 112 sq meters (1,209 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Sep 2024 | Anti-social behaviour | On or near Stanley Close | |
Sep 2024 | Anti-social behaviour | On or near Stanley Close | |
Sep 2024 | Drugs | Local resolution | On or near Hare Hall Lane |
Sep 2024 | Drugs | Local resolution | On or near Hare Hall Lane |
Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Balgores Lane |