£515,851
This estimated value is based upon the latest sale price for the house of £500,000 on 15 Dec 2023. 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 |
|---|---|
| £500,000 | 15 Dec 2023 |
| £275,000 | 27 Nov 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 84 sq meters or 913 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 2023 the House Price Index for GREATER LONDON was 145.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 3.170%.Applying this 3.170% change to the original purchase price of £500,000 results in an estimated price of approximately £515,851.
| 15 Dec 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.1 | 149.7 | 3.170 % | £500,000 | £15,851 | £515,851 |
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 | 4.377 % | £21,884 | £521,884 |
| 3 Month Average | 28.248 % | £141,241 | £641,241 |
| 6 Month Average | -2.992 % | £-14,957 | £485,042 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £536,485 | £520,000 | 164 OSBORNE ROAD |
| 15 Dec 2023 | £546,802 | £530,000 | 180 OSBORNE ROAD |
| 15 Dec 2023 | £515,851 | £500,000 | 147 OSBORNE ROAD |
| 29 Sep 2023 | £434,580 | £425,000 | 8 COURAGE CLOSE |
| 18 Aug 2023 | £506,129 | £497,000 | 150 GROSVENOR DRIVE |
This house has a floor area of 84 sq meters or 913 sq feet when measured on 16 Feb 2012. Using an estimated price of £515,851 means this house is valued at £6,077 per sq meter (£564 per sq foot).
The average size of a house on OSBORNE ROAD is 119 sq meters (1,286 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Osborne Road |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Hurstlands Close |
| Aug 2024 | Anti-social behaviour | On or near Hurstlands Close | |
| Aug 2024 | Anti-social behaviour | On or near Hurstlands Close | |
| Aug 2024 | Anti-social behaviour | On or near Hurstlands Close |