£578,263
This estimated value is based upon the latest sale price for the house of £535,000 on 29 Jun 2021. 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 |
|---|---|
| £535,000 | 29 Jun 2021 |
| £330,000 | 11 Mar 2016 |
| £330,000 | 19 Nov 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 957 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 June 2021 the House Price Index for GREATER LONDON was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £535,000 results in an estimated price of approximately £578,263.
| 29 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £535,000 | £43,263 | £578,263 |
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 | 1.122 % | £6,002 | £541,002 |
| 3 Month Average | 17.908 % | £95,806 | £630,806 |
| 6 Month Average | 7.519 % | £40,229 | £575,229 |
| 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 |
| 18 Aug 2023 | £506,129 | £497,000 | 150 GROSVENOR DRIVE |
| 28 Apr 2023 | £519,721 | £510,000 | 153 HILLVIEW AVENUE |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 12 Nov 2014. Using an estimated price of £578,264 means this house is valued at £6,497 per sq meter (£603 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 | Anti-social behaviour | On or near Hurstlands Close | |
| 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 |