£264,226
This estimated value is based upon the latest sale price for the house of £90,000 on 30 May 2002. 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 |
|---|---|
| £90,000 | 30 May 2002 |
| Semi-Detached |
| 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 May 2002 the House Price Index for GREATER LONDON was 51.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 193.585%.Applying this 193.585% change to the original purchase price of £90,000 results in an estimated price of approximately £264,226.
| 30 May 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 149.7 | 193.585 % | £90,000 | £174,226 | £264,226 |
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 | 233.623 % | £210,261 | £300,261 |
| 3 Month Average | 228.370 % | £205,533 | £295,533 |
| 6 Month Average | 235.698 % | £212,128 | £302,128 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Jul 2024 | £320,000 | £320,000 | 51 GALLEYWOOD CRESCENT |
| 10 Nov 2023 | £422,731 | £412,000 | 8 MERLIN CLOSE |
| 5 Oct 2023 | £305,949 | £299,000 | 5 CHELMSFORD AVENUE |
| 27 Apr 2023 | £315,909 | £310,000 | 248 CHASE CROSS ROAD |
| 24 Mar 2023 | £466,796 | £459,000 | 294 CHASE CROSS ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Merlin Close |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Galleywood Crescent |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Galleywood Crescent |
| Oct 2024 | Anti-social behaviour | On or near Broomfield Close | |
| Oct 2024 | Anti-social behaviour | On or near Broomfield Close |