£510,280
This estimated value is based upon the latest sale price for the house of £159,995 on 28 Nov 2001. 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 |
|---|---|
| £159,995 | 28 Nov 2001 |
| Terraced |
| Freehold |
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 November 2001 the House Price Index for GREATER LONDON was 46.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 218.935%.Applying this 218.935% change to the original purchase price of £159,995 results in an estimated price of approximately £510,280.
| 28 Nov 2001 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 46.4 | 148.0 | 218.935 % | £159,995 | £350,285 | £510,280 |
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 | 186.130 % | £297,798 | £457,793 |
| 3 Month Average | 214.518 % | £343,218 | £503,213 |
| 6 Month Average | 229.456 % | £367,117 | £527,112 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £221,798 | £220,000 | 18 BANCROFT CHASE |
| 3 Mar 2023 | £462,500 | £460,000 | 33 CRESCENT AVENUE |
| 3 Jan 2023 | £520,429 | £525,000 | 83 BANCROFT CHASE |
| 15 Mar 2022 | £234,798 | £227,500 | 32 BANCROFT CHASE |
| 17 Feb 2022 | £454,340 | £435,000 | 7 BANCROFT CHASE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Bancroft Chase |
| Mar 2024 | Vehicle crime | Under investigation | On or near Bancroft Chase |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Bancroft Chase |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Upper Rainham Road |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Upper Rainham Road |