£463,555
This estimated value is based upon the latest sale price for the house of £320,000 on 22 Feb 2012. 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 |
---|---|
£320,000 | 22 Feb 2012 |
£95,000 | 18 Jun 1999 |
Semi-Detached |
Freehold |
Floor Area: 87 sq meters or 946 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 February 2012 the House Price Index for GREATER LONDON was 72.0.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 44.861%.Applying this 44.861% change to the original purchase price of £320,000 results in an estimated price of approximately £463,555.
22 Feb 2012 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
72.0 | 104.3 | 44.861 % | £320,000 | £143,555 | £463,555 |
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 | 86.940 % | £278,208 | £598,208 |
3 Month Average | 86.542 % | £276,933 | £596,933 |
6 Month Average | 70.039 % | £224,124 | £544,124 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
9 Dec 2024 | £361,078 | £350,000 | 121 ELMHURST DRIVE |
3 Oct 2024 | £724,161 | £695,000 | 7 REGENCY GARDENS |
27 Sep 2024 | £771,232 | £735,000 | 8 WINDSOR ROAD |
20 Sep 2024 | £577,113 | £550,000 | 114 GROSVENOR DRIVE |
30 Aug 2024 | £498,917 | £475,000 | 121 GROSVENOR DRIVE |
This house has a floor area of 87 sq meters or 946 sq feet when measured on 19 Sep 2011.
The average size of a house on GROSVENOR DRIVE is 97 sq meters (1,046 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Feb 2025 | Vehicle crime | Investigation complete; no suspect identified | On or near Windsor Road |
Apr 2025 | Anti-social behaviour | On or near Chapel Mews | |
Apr 2025 | Anti-social behaviour | On or near Chapel Mews | |
Apr 2025 | Vehicle crime | Investigation complete; no suspect identified | On or near Chapel Mews |
Mar 2025 | Anti-social behaviour | On or near Chapel Mews |