£4,504,098
This estimated value is based upon the latest sale price for the house of £735,000 on 11 May 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 |
|---|---|
| £735,000 | 11 May 2023 |
| £654,000 | 4 Jan 2017 |
| £490,000 | 21 May 2010 |
| £494,950 | 7 Jul 2004 |
| Detached |
| 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 May 2023 the House Price Index for GREATER LONDON was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £735,000 results in an estimated price of approximately £4,504,098.
| 11 May 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 149.7 | 512.803 % | £735,000 | £3,769,098 | £4,504,098 |
The Postcode Pricing Model uses changes in average sales price within the RM2 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 | 13.623 % | £100,126 | £835,126 |
| 3 Month Average | 4.883 % | £35,892 | £770,892 |
| 6 Month Average | 8.878 % | £65,255 | £800,255 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £383,390 | £377,500 | 22 HAMILTON ROAD |
| 29 Sep 2023 | £516,383 | £505,000 | 13 ACADEMY FIELDS ROAD |
| 28 Apr 2023 | £382,148 | £375,000 | 2 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
| 20 Feb 2023 | £466,114 | £463,000 | 5 SCHOLARS WAY |
| 10 Aug 2022 | £371,738 | £370,000 | 11 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Oxford Close |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oxford Close |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Scholars Way |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Royle Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Royle Close |