£318,991
This estimated value is based upon the latest sale price for the house of £175,995 on 11 Nov 2005. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
| Price Paid | Date |
|---|---|
| £175,995 | 11 Nov 2005 |
| £52,000 | 31 May 1996 |
| Terraced |
| Freehold |
| Floor Area: 69 sq meters or 751 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 November 2005 the House Price Index for GREATER LONDON was 82.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 81.250%.Applying this 81.250% change to the original purchase price of £175,995 results in an estimated price of approximately £318,991.
| 11 Nov 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.0 | 148.6 | 81.250 % | £175,995 | £142,996 | £318,991 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | 176.353 % | £310,372 | £486,367 |
| 3 Month Average | 105.294 % | £185,312 | £361,307 |
| 6 Month Average | 100.156 % | £176,268 | £352,263 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Jan 2023 | £413,054 | £415,000 | 3 RICHARDS AVENUE |
| 9 Sep 2022 | £384,892 | £388,000 | 198 LONDON ROAD |
| 7 Sep 2022 | £316,941 | £319,500 | 200 LONDON ROAD |
| 20 Aug 2022 | £227,388 | £228,000 | FLAT 2 AUTUMN COURT SPRING GARDENS |
| 19 Aug 2022 | £341,082 | £342,000 | FLAT 6 AUTUMN COURT SPRING GARDENS |
This house has a floor area of 69 sq meters or 751 sq feet when measured on 19 Nov 2010. Using an estimated price of £318,991 means this house is valued at £4,570 per sq meter (£424 per sq foot).
The average size of a house on LONDON ROAD is 57 sq meters (620 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Richards Avenue |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue |