£318,862
This estimated value is based upon the latest sale price for the house of £315,000 on 16 Jun 2023. 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 |
---|---|
£315,000 | 16 Jun 2023 |
Terraced |
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 June 2023 the House Price Index for GREATER LONDON was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £315,000 results in an estimated price of approximately £318,862.
16 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
146.8 | 148.6 | 1.226 % | £315,000 | £3,862 | £318,862 |
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 | -42.020 % | £-132,362 | £182,637 |
3 Month Average | -19.719 % | £-62,113 | £252,886 |
6 Month Average | -16.006 % | £-50,419 | £264,580 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Dec 2023 | £356,233 | £350,000 | 130A PARK LANE |
29 Sep 2023 | £425,440 | £420,000 | 96 CRAIGDALE ROAD |
14 Sep 2023 | £526,735 | £520,000 | 97 CRAIGDALE ROAD |
23 Aug 2023 | £513,492 | £509,000 | 95 CRAIGDALE ROAD |
16 Jun 2023 | £318,862 | £315,000 | 139 DOUGLAS ROAD |
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Park Lane | |
Jan 2024 | Anti-social behaviour | On or near Park Lane | |
Jan 2024 | Anti-social behaviour | On or near Park Lane | |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Douglas Road |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Douglas Road |