£471,589
This estimated value is based upon the latest sale price for the house of £390,000 on 31 Jul 2020. 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 |
|---|---|
| £390,000 | 31 Jul 2020 |
| £350,000 | 16 Dec 2016 |
| 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 July 2020 the House Price Index for GREATER LONDON was 122.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 20.920%.Applying this 20.920% change to the original purchase price of £390,000 results in an estimated price of approximately £471,589.
| 31 Jul 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 122.9 | 148.6 | 20.920 % | £390,000 | £81,589 | £471,589 |
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 | 111.746 % | £435,809 | £825,809 |
| 3 Month Average | 27.412 % | £106,904 | £496,904 |
| 6 Month Average | 3.159 % | £12,319 | £402,319 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £501,386 | £497,000 | 150 GROSVENOR DRIVE |
| 11 Nov 2022 | £627,400 | £635,000 | 66 ELMHURST DRIVE |
| 22 Jul 2022 | £721,943 | £720,000 | 57 ELMHURST DRIVE |
| 25 May 2022 | £443,354 | £435,000 | 127 GROSVENOR DRIVE |
| 21 Mar 2022 | £777,197 | £750,000 | 119 ELMHURST DRIVE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 8 Oct 2015. Using an estimated price of £471,589 means this house is valued at £5,182 per sq meter (£481 per sq foot).
The average size of a house on GROSVENOR DRIVE is 97 sq meters (1,046 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hurstlands Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Osborne Road |
| Jan 2024 | Other theft | Under investigation | On or near Osborne Road |
| Jan 2024 | Vehicle crime | Under investigation | On or near Windsor Road |
| Jan 2024 | Other crime | Under investigation | On or near Harrow Drive |