£473,631
This estimated value is based upon the latest sale price for the house of £395,000 on 13 Aug 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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55 Laurel Crescent, Romford, RM7 0RU
Phone: 01708573981
| Price Paid | Date |
|---|---|
| £395,000 | 13 Aug 2020 |
| £250,000 | 23 Aug 2006 |
| £187,500 | 4 Feb 2005 |
| Terraced |
| Freehold |
| Floor Area: 84 sq meters or 904 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 August 2020 the House Price Index for GREATER LONDON was 123.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 19.907%.Applying this 19.907% change to the original purchase price of £395,000 results in an estimated price of approximately £473,631.
| 13 Aug 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 148.6 | 19.907 % | £395,000 | £78,631 | £473,631 |
The Postcode Pricing Model uses changes in average sales price within the RM12 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 | -14.730 % | £-58,183 | £336,816 |
| 3 Month Average | 15.511 % | £61,267 | £456,267 |
| 6 Month Average | 10.987 % | £43,398 | £438,398 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £511,889 | £505,000 | 38 ACACIA AVENUE |
| 5 Jan 2023 | £466,801 | £469,000 | 165 UPPER RAINHAM ROAD |
| 25 Nov 2022 | £217,367 | £220,000 | 24 TURNER ROAD |
| 7 Jul 2022 | £488,314 | £487,000 | 167 UPPER RAINHAM ROAD |
| 15 Feb 2022 | £550,565 | £525,000 | 237 UPPER RAINHAM ROAD |
This house has a floor area of 84 sq meters or 904 sq feet when measured on 20 Jun 2018. Using an estimated price of £473,631 means this house is valued at £5,638 per sq meter (£523 per sq foot).
The average size of a house on UPPER RAINHAM ROAD is 96 sq meters (1,040 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other crime | Under investigation | On or near Petrol Station |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Acacia Avenue |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Upper Rainham Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Upper Rainham Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Upper Rainham Road |