£486,038
This estimated value is based upon the latest sale price for the house of £475,000 on 10 Oct 2023. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £475,000 | 10 Oct 2023 |
| £275,000 | 3 Oct 2012 |
| £218,800 | 29 Sep 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 65 sq meters or 699 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 October 2023 the House Price Index for GREATER LONDON was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £475,000 results in an estimated price of approximately £486,038.
| 10 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £475,000 | £11,038 | £486,038 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | 36.897 % | £175,261 | £650,261 |
| 3 Month Average | 20.790 % | £98,751 | £573,751 |
| 6 Month Average | 11.424 % | £54,262 | £529,262 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £332,000 | £332,000 | 194 HAVERING ROAD |
| 28 Mar 2024 | £421,476 | £415,000 | 256 HAVERING ROAD |
| 25 Mar 2024 | £657,299 | £647,200 | 151A HAVERING ROAD |
| 14 Nov 2023 | £471,981 | £460,000 | 335 PETTITS LANE NORTH |
| 27 Oct 2023 | £583,247 | £570,000 | 202 HAVERING ROAD |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 29 May 2012. Using an estimated price of £486,039 means this house is valued at £7,477 per sq meter (£694 per sq foot).
The average size of a house on HAVERING ROAD is 95 sq meters (1,031 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Mashiters Hill | |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mashiters Hill |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Heather Close |
| Sep 2024 | Other crime | Investigation complete; no suspect identified | On or near Wood View Mews |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wood View Mews |