£619,381
This estimated value is based upon the latest sale price for the house of £400,000 on 20 Jun 2014. 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 |
|---|---|
| £400,000 | 20 Jun 2014 |
| Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 June 2014 the House Price Index for GREATER LONDON was 96.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 54.845%.Applying this 54.845% change to the original purchase price of £400,000 results in an estimated price of approximately £619,381.
| 20 Jun 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 149.7 | 54.845 % | £400,000 | £219,381 | £619,381 |
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 | 100.761 % | £403,044 | £803,044 |
| 3 Month Average | 43.195 % | £172,781 | £572,781 |
| 6 Month Average | 45.963 % | £183,850 | £583,850 |
| 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 |
| 10 Jun 2022 | £618,215 | £605,000 | 63 OSBORNE ROAD |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 9 Jun 2014. Using an estimated price of £619,381 means this house is valued at £6,806 per sq meter (£632 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 | Violence and sexual offences | Under investigation | On or near Osborne Close |