£562,086
This estimated value is based upon the latest sale price for the house of £455,000 on 22 Jan 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £455,000 | 22 Jan 2019 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 January 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £455,000 results in an estimated price of approximately £562,086.
| 22 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.536 % | £455,000 | £107,086 | £562,086 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | -61.766 % | £-281,035 | £173,964 |
| 3 Month Average | 21.480 % | £97,732 | £552,732 |
| 6 Month Average | 16.805 % | £76,462 | £531,462 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Nov 2023 | £466,913 | £460,000 | 335 PETTITS LANE NORTH |
| 1 Sep 2023 | £426,453 | £421,000 | 252 HAVERING ROAD |
| 23 Jun 2023 | £430,211 | £425,000 | 89 MASHITERS HILL |
| 31 Jan 2023 | £625,553 | £628,500 | 59 MASHITERS HILL |
| 15 Sep 2022 | £404,732 | £408,000 | 87 MASHITERS HILL |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 10 Aug 2018.
The average size of a house on HAVERING ROAD is 95 sq meters (1,031 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Heather Close |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Heather Way |
| Dec 2023 | Violence and sexual offences | Awaiting court outcome | On or near Heather Way |
| Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Wood View Mews |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wood View Mews |