£349,516
This estimated value is based upon the latest sale price for the house of £69,995 on 26 Sep 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
| Price Paid | Date |
|---|---|
| £69,995 | 26 Sep 1997 |
| Terraced |
| Freehold |
| Floor Area: 63 sq meters or 678 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 September 1997 the House Price Index for GREATER LONDON was 29.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 399.345%.Applying this 399.345% change to the original purchase price of £69,995 results in an estimated price of approximately £349,516.
| 26 Sep 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 29.8 | 148.6 | 399.345 % | £69,995 | £279,521 | £349,516 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | 522.250 % | £365,548 | £435,543 |
| 3 Month Average | 393.997 % | £275,778 | £345,773 |
| 6 Month Average | 390.184 % | £273,109 | £343,104 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £81,710 | £80,500 | FLAT 40 COLVERN HOUSE SPRING GARDENS |
| 29 Sep 2023 | £395,051 | £390,000 | 26 RECREATION AVENUE |
| 21 Jun 2023 | £384,659 | £380,000 | 243 MARKS ROAD |
| 27 Jan 2023 | £413,054 | £415,000 | 3 RICHARDS AVENUE |
| 11 Jan 2023 | £298,593 | £300,000 | FLAT 47 COLVERN HOUSE SPRING GARDENS |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 8 Jun 2019. Using an estimated price of £349,516 means this house is valued at £5,547 per sq meter (£515 per sq foot).
The average size of a house on RICHARDS AVENUE is 81 sq meters (879 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Richards Avenue |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue |