£3,952,576
This estimated value is based upon the latest sale price for the house of £645,000 on 30 Jul 2024. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Sports/Recreation Area
More crime details
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £645,000 | 30 Jul 2024 |
| £312,500 | 9 Mar 2005 |
| Detached |
| Freehold |
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 2024 the House Price Index for GREATER LONDON was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £645,000 results in an estimated price of approximately £3,952,576.
| 30 Jul 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 149.7 | 512.803 % | £645,000 | £3,307,576 | £3,952,576 |
The Postcode Pricing Model uses changes in average sales price within the RM2 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 | -9.341 % | £-60,248 | £584,751 |
| 3 Month Average | -8.775 % | £-56,598 | £588,401 |
| 6 Month Average | -0.923 % | £-5,954 | £639,045 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £330,071 | £325,000 | 19 CHALFORDE GARDENS |
| 30 Nov 2023 | £283,188 | £276,000 | 58 STATION ROAD |
| 2 Nov 2023 | £336,799 | £328,250 | 22 CHALFORDE GARDENS |
| 12 Oct 2023 | £332,553 | £325,000 | 24 CHALFORDE GARDENS |
| 28 Jun 2023 | £382,669 | £375,000 | 148 BALGORES LANE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Sports/Recreation Area |
| Oct 2024 | Public order | Under investigation | On or near Fairholme Avenue |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Fairholme Avenue |
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Fairholme Avenue |
| Aug 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Fairholme Avenue |