£560,452
This estimated value is based upon the latest sale price for the house of £420,000 on 21 Oct 2016. 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 |
|---|---|
| £420,000 | 21 Oct 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 74 sq meters or 796 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 2016 the House Price Index for GREATER LONDON was 112.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 33.441%.Applying this 33.441% change to the original purchase price of £420,000 results in an estimated price of approximately £560,452.
| 21 Oct 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 149.7 | 33.441 % | £420,000 | £140,452 | £560,452 |
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 | 14.195 % | £59,618 | £479,618 |
| 3 Month Average | 17.504 % | £73,515 | £493,515 |
| 6 Month Average | 13.495 % | £56,678 | £476,678 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Mar 2024 | £675,377 | £665,000 | 22 WINDSOR ROAD |
| 18 Dec 2023 | £536,485 | £520,000 | 164 OSBORNE ROAD |
| 15 Dec 2023 | £515,851 | £500,000 | 147 OSBORNE ROAD |
| 15 Dec 2023 | £546,802 | £530,000 | 180 OSBORNE ROAD |
| 18 Aug 2023 | £506,129 | £497,000 | 150 GROSVENOR DRIVE |
This house has a floor area of 74 sq meters or 796 sq feet when measured on 19 Apr 2012. Using an estimated price of £560,452 means this house is valued at £7,573 per sq meter (£703 per sq foot).
The average size of a house on GROSVENOR DRIVE is 97 sq meters (1,046 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Chapel Mews | |
| Sep 2024 | Anti-social behaviour | On or near Chapel Mews | |
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Osborne Road |
| Aug 2024 | Anti-social behaviour | On or near Hurstlands Close | |
| Aug 2024 | Anti-social behaviour | On or near Hurstlands Close |