£331,356
This estimated value is based upon the latest sale price for the house of £59,000 on 16 Jul 1996. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Old Mill Parade, Victoria Road, Romford, RM1 2HU
Phone: 01708573434
| Price Paid | Date |
|---|---|
| £59,000 | 16 Jul 1996 |
| £45,500 | 12 Mar 1996 |
| Semi-Detached |
| Freehold |
| Floor Area: 79 sq meters or 850 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 July 1996 the House Price Index for GREATER LONDON was 26.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 461.621%.Applying this 461.621% change to the original purchase price of £59,000 results in an estimated price of approximately £331,356.
| 16 Jul 1996 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.7 | 149.7 | 461.621 % | £59,000 | £272,356 | £331,356 |
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 | 461.608 % | £272,348 | £331,348 |
| 3 Month Average | 363.876 % | £214,686 | £273,686 |
| 6 Month Average | 372.571 % | £219,817 | £278,817 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Mar 2024 | £386,945 | £381,000 | 38 ALLANDALE ROAD |
| 25 Oct 2023 | £448,179 | £438,000 | 82 CLYDESDALE ROAD |
| 29 Sep 2023 | £429,467 | £420,000 | 96 CRAIGDALE ROAD |
| 14 Sep 2023 | £531,721 | £520,000 | 97 CRAIGDALE ROAD |
| 23 Aug 2023 | £518,349 | £509,000 | 95 CRAIGDALE ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 16 Jul 2014. Using an estimated price of £331,357 means this house is valued at £4,194 per sq meter (£389 per sq foot).
The average size of a house on CRAIGDALE ROAD is 92 sq meters (991 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Allandale Road |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Allandale Road |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Allandale Road |
| Jun 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Allandale Road |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Allandale Road |