£223,229
This estimated value is based upon the latest sale price for the house of £187,000 on 3 Jul 2020. 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 |
---|---|
£187,000 | 3 Jul 2020 |
£66,995 | 28 Aug 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 43 sq meters or 462 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 2020 the House Price Index for GREATER LONDON was 122.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 19.374%.Applying this 19.374% change to the original purchase price of £187,000 results in an estimated price of approximately £223,229.
3 Jul 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
122.9 | 146.7 | 19.374 % | £187,000 | £36,229 | £223,229 |
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 | 12.112 % | £22,649 | £209,649 |
3 Month Average | 13.840 % | £25,881 | £212,881 |
6 Month Average | 7.213 % | £13,488 | £200,488 |
This house has a floor area of 43 sq meters or 462 sq feet when measured on 13 May 2019.
The average size of a house on ROYLE CLOSE is 60 sq meters (652 sq feet).
This house is the smallest in the street with a floor area of 43 sq meters (462 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lawrence Road |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Hastings Road |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Loom Grove |
Jan 2024 | Anti-social behaviour | On or near Oxford Close | |
Jan 2024 | Anti-social behaviour | On or near Oxford Close |