£357,153
This estimated value is based upon the latest sale price for the house of £264,000 on 24 May 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Lennox Close
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5 Old Mill Parade, Victoria Road, Romford, RM1 2HU
Phone: 01708573434
| Price Paid | Date |
|---|---|
| £264,000 | 24 May 2016 |
| £185,000 | 24 Feb 2006 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 43 sq meters or 468 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 May 2016 the House Price Index for GREATER LONDON was 110.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £264,000 results in an estimated price of approximately £357,153.
| 24 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 149.7 | 35.286 % | £264,000 | £93,153 | £357,153 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | 55.337 % | £146,089 | £410,089 |
| 3 Month Average | 42.280 % | £111,618 | £375,618 |
| 6 Month Average | 39.318 % | £103,799 | £367,799 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £234,224 | £230,000 | FLAT 82 TOLBUT COURT LENNOX CLOSE |
| 31 Aug 2022 | £271,268 | £270,000 | FLAT 30 THE MALTINGS SOUTH STREET |
| 13 Jul 2022 | £454,555 | £450,000 | 257 SOUTH STREET |
| 29 Jun 2022 | £265,679 | £260,000 | FLAT 2 TOLBUT COURT LENNOX CLOSE |
| 16 Jun 2022 | £255,461 | £250,000 | FLAT 67 TOLBUT COURT LENNOX CLOSE |
This house has a floor area of 43 sq meters or 468 sq feet when measured on 30 Sep 2009. Using an estimated price of £357,154 means this house is valued at £8,199 per sq meter (£761 per sq foot).
The average size of a house on SOUTH STREET is 67 sq meters (727 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Drugs | Under investigation | On or near Lennox Close |
| Oct 2024 | Public order | Unable to prosecute suspect | On or near Lennox Close |
| Sep 2024 | Anti-social behaviour | On or near Lennox Close | |
| Sep 2024 | Anti-social behaviour | On or near Lennox Close | |
| Sep 2024 | Burglary | Investigation complete; no suspect identified | On or near Lennox Close |