£596,604
This estimated value is based upon the latest sale price for the house of £400,000 on 10 Dec 2014. 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 |
---|---|
£400,000 | 10 Dec 2014 |
£183,000 | 30 Jul 2002 |
Semi-Detached |
Freehold |
Floor Area: 128 sq meters or 1,388 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 December 2014 the House Price Index for GREATER LONDON was 99.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.151%.Applying this 49.151% change to the original purchase price of £400,000 results in an estimated price of approximately £596,604.
10 Dec 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
99.6 | 148.6 | 49.151 % | £400,000 | £196,604 | £596,604 |
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 | 118.959 % | £475,835 | £875,835 |
3 Month Average | 52.566 % | £210,265 | £610,265 |
6 Month Average | 43.383 % | £173,531 | £573,531 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jun 2023 | £379,598 | £375,000 | 148 BALGORES LANE |
23 Jun 2023 | £435,273 | £430,000 | 375 BRENTWOOD ROAD |
12 Apr 2023 | £495,333 | £490,000 | 381 BRENTWOOD ROAD |
13 Feb 2023 | £564,620 | £565,000 | 142 HEATH PARK ROAD |
24 Jun 2022 | £431,092 | £425,000 | 348 BRENTWOOD ROAD |
This house has a floor area of 128 sq meters or 1,388 sq feet when measured on 26 Jan 2011. Using an estimated price of £596,605 means this house is valued at £4,626 per sq meter (£429 per sq foot).
The average size of a house on HEATH PARK ROAD is 109 sq meters (1,176 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Balgores Lane | |
Jan 2024 | Anti-social behaviour | On or near Balgores Lane | |
Jan 2024 | Anti-social behaviour | On or near Balgores Lane | |
Jan 2024 | Burglary | Under investigation | On or near Supermarket |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Supermarket |