£471,032
This estimated value is based upon the latest sale price for the house of £370,500 on 5 Oct 2017. 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 |
|---|---|
| £370,500 | 5 Oct 2017 |
| Terraced |
| 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 October 2017 the House Price Index for GREATER LONDON was 117.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £370,500 results in an estimated price of approximately £471,032.
| 5 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 149.7 | 27.134 % | £370,500 | £100,532 | £471,032 |
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 | 2.241 % | £8,301 | £378,801 |
| 3 Month Average | 5.162 % | £19,126 | £389,626 |
| 6 Month Average | 1.755 % | £6,503 | £377,003 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £423,679 | £420,000 | 6 DOUGLAS ROAD |
| 21 Mar 2024 | £386,945 | £381,000 | 38 ALLANDALE 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 91 sq meters or 979 sq feet when measured on 13 Oct 2014. Using an estimated price of £471,032 means this house is valued at £5,176 per sq meter (£480 per sq foot).
The average size of a house on ALLANDALE ROAD is 93 sq meters (1,001 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Allandale Road | |
| 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 |
| Aug 2024 | Anti-social behaviour | On or near Longfield Avenue |