£339,551
This estimated value is based upon the latest sale price for the house of £272,500 on 10 Aug 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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27 Gobions Avenue, Romford, RM5 3SS
Phone: 01708954923
| Price Paid | Date |
|---|---|
| £272,500 | 10 Aug 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £272,500 results in an estimated price of approximately £339,551.
| 10 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £272,500 | £67,051 | £339,551 |
The Postcode Pricing Model uses changes in average sales price within the RM5 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 | 31.224 % | £85,085 | £357,585 |
| 3 Month Average | 27.502 % | £74,944 | £347,444 |
| 6 Month Average | 25.195 % | £68,657 | £341,157 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £422,731 | £412,000 | 8 MERLIN CLOSE |
| 5 Oct 2023 | £305,949 | £299,000 | 5 CHELMSFORD AVENUE |
| 25 Aug 2023 | £432,806 | £425,000 | 9 AVELON ROAD |
| 27 Apr 2023 | £315,909 | £310,000 | 248 CHASE CROSS ROAD |
| 23 Feb 2023 | £240,104 | £238,500 | 84 CHELMSFORD AVENUE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 9 Feb 2018. Using an estimated price of £339,551 means this house is valued at £5,566 per sq meter (£517 per sq foot).
The average size of a house on CHASE CROSS ROAD is 97 sq meters (1,051 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Chelmsford Avenue |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Chelmsford Avenue |
| Sep 2024 | Anti-social behaviour | On or near Chelmsford Avenue | |
| Sep 2024 | Anti-social behaviour | On or near Chelmsford Avenue | |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Chelmsford Avenue |