£298,584
This estimated value is based upon the latest sale price for the house of £175,000 on 25 Apr 2012. 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 |
|---|---|
| £175,000 | 25 Apr 2012 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 793 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 April 2012 the House Price Index for GREATER LONDON was 87.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.620%.Applying this 70.620% change to the original purchase price of £175,000 results in an estimated price of approximately £298,584.
| 25 Apr 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.1 | 148.6 | 70.620 % | £175,000 | £123,584 | £298,584 |
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 | 182.511 % | £319,393 | £494,393 |
| 3 Month Average | 106.302 % | £186,028 | £361,028 |
| 6 Month Average | 97.140 % | £169,994 | £344,994 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £233,138 | £230,000 | 8 OLD MILL PLACE |
| 20 Jul 2023 | £342,104 | £337,500 | 40 HONITON ROAD |
| 25 Aug 2022 | £209,436 | £210,000 | FLAT 8 DALWOOD HOUSE, 73 LONDON ROAD |
| 20 May 2022 | £394,432 | £387,000 | 18 HONITON ROAD |
| 31 Mar 2022 | £389,635 | £376,000 | 32 HONITON ROAD |
This house has a floor area of 73 sq meters or 793 sq feet when measured on 10 Aug 2011. Using an estimated price of £298,585 means this house is valued at £4,050 per sq meter (£376 per sq foot).
The average size of a house on HONITON ROAD is 78 sq meters (839 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Old Mill Place | |
| Dec 2023 | Anti-social behaviour | On or near Old Mill Place | |
| Dec 2023 | Anti-social behaviour | On or near Old Mill Place | |
| Dec 2023 | Anti-social behaviour | On or near Old Mill Place | |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Old Mill Place |