£531,868
This estimated value is based upon the latest sale price for the house of £430,000 on 30 Aug 2018. 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 |
---|---|
£430,000 | 30 Aug 2018 |
£249,995 | 17 Nov 2005 |
£110,000 | 17 Sep 1999 |
Terraced |
Freehold |
Floor Area: 88 sq meters or 947 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 2018 the House Price Index for GREATER LONDON was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £430,000 results in an estimated price of approximately £531,868.
30 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.1 | 148.6 | 23.690 % | £430,000 | £101,868 | £531,868 |
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 | 108.440 % | £466,293 | £896,293 |
3 Month Average | 32.972 % | £141,778 | £571,778 |
6 Month Average | 27.564 % | £118,527 | £548,527 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
25 Aug 2023 | £665,825 | £660,000 | 1A CLIVE ROAD |
23 Nov 2022 | £513,777 | £520,000 | 283 BRENTWOOD ROAD |
15 Jun 2022 | £491,952 | £485,000 | 22 HASTINGS ROAD |
24 May 2022 | £570,754 | £560,000 | 277 BRENTWOOD ROAD |
29 Sep 2021 | £581,900 | £540,000 | 26 LYTTON ROAD |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 12 Nov 2014. Using an estimated price of £531,869 means this house is valued at £6,043 per sq meter (£561 per sq foot).
The average size of a house on CLIVE ROAD is 98 sq meters (1,055 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Clive Road |
Dec 2023 | Shoplifting | Investigation complete; no suspect identified | On or near Clive Road |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Hastings Road |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lawrence Road |
Jan 2024 | Anti-social behaviour | On or near Lytton Road |