£289,443
This estimated value is based upon the latest sale price for the house of £250,000 on 1 Jul 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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54a Station Road, Romford, RM6 4BU
Phone: 02080222778
| Price Paid | Date |
|---|---|
| £250,000 | 1 Jul 2021 |
| £51,000 | 10 Apr 2000 |
| £48,500 | 15 Feb 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 51 sq meters or 554 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 July 2021 the House Price Index for GREATER LONDON was 129.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.777%.Applying this 15.777% change to the original purchase price of £250,000 results in an estimated price of approximately £289,443.
| 1 Jul 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.3 | 149.7 | 15.777 % | £250,000 | £39,443 | £289,443 |
The Postcode Pricing Model uses changes in average sales price within the RM8 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 | 78.876 % | £197,190 | £447,190 |
| 3 Month Average | 15.269 % | £38,173 | £288,173 |
| 6 Month Average | 11.794 % | £29,486 | £279,486 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £520,205 | £507,000 | 15 PALMER ROAD |
| 2 Sep 2022 | £459,693 | £460,000 | 66 OVERTON DRIVE |
| 25 Mar 2022 | £438,452 | £420,000 | 11 PALMER ROAD |
| 1 Jul 2021 | £289,443 | £250,000 | 1A FAULKNER CLOSE |
| 29 Jun 2021 | £266,974 | £247,000 | 25 ARMSTRONG CLOSE |
This house has a floor area of 51 sq meters or 554 sq feet when measured on 25 Jun 2010. Using an estimated price of £289,443 means this house is valued at £5,620 per sq meter (£522 per sq foot).
The average size of a house on FAULKNER CLOSE is 54 sq meters (584 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Faulkner Close | |
| Oct 2024 | Anti-social behaviour | On or near Faulkner Close | |
| Oct 2024 | Anti-social behaviour | On or near Faulkner Close | |
| Oct 2024 | Anti-social behaviour | On or near Faulkner Close | |
| Nov 2024 | Anti-social behaviour | On or near Parking Area |