£478,596
This estimated value is based upon the latest sale price for the house of £417,000 on 18 Dec 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 |
|---|---|
| £417,000 | 18 Dec 2020 |
| £239,995 | 19 Jun 2007 |
| £170,000 | 14 Jul 2006 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 December 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £417,000 results in an estimated price of approximately £478,596.
| 18 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 148.6 | 14.771 % | £417,000 | £61,596 | £478,596 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | 39.271 % | £163,761 | £580,761 |
| 3 Month Average | 9.305 % | £38,802 | £455,802 |
| 6 Month Average | 14.308 % | £59,663 | £476,663 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Feb 2023 | £439,704 | £440,000 | 55 ROSE GLEN |
| 3 Feb 2023 | £499,664 | £500,000 | 16 GORSEWAY |
| 30 Sep 2022 | £406,716 | £410,000 | 83 RUSH GREEN ROAD |
| 29 Apr 2022 | £530,347 | £515,000 | 32 GORSEWAY |
| 3 Dec 2021 | £482,120 | £450,000 | 15 ROSE GLEN |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 20 Jul 2020. Using an estimated price of £478,596 means this house is valued at £4,692 per sq meter (£435 per sq foot).
The average size of a house on GORSEWAY is 98 sq meters (1,062 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Lilac Gardens |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Lilac Gardens |
| Jan 2024 | Burglary | Under investigation | On or near Rose Glen |
| Jan 2024 | Burglary | Under investigation | On or near Rose Glen |