£377,771
This estimated value is based upon the latest sale price for the house of £220,000 on 17 Feb 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
| Price Paid | Date |
|---|---|
| £220,000 | 17 Feb 2011 |
| £185,000 | 26 Sep 2005 |
| £98,995 | 2 Jun 2000 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 859 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 February 2011 the House Price Index for GREATER LONDON was 86.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.714%.Applying this 71.714% change to the original purchase price of £220,000 results in an estimated price of approximately £377,771.
| 17 Feb 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 148.6 | 71.714 % | £220,000 | £157,771 | £377,771 |
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 | 121.578 % | £267,470 | £487,470 |
| 3 Month Average | 87.500 % | £192,500 | £412,500 |
| 6 Month Average | 78.877 % | £173,528 | £393,528 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Jul 2023 | £233,138 | £230,000 | 8 OLD MILL PLACE |
| 20 Jul 2023 | £342,104 | £337,500 | 40 HONITON ROAD |
| 25 Aug 2022 | £209,436 | £210,000 | FLAT 8 DALWOOD HOUSE, 73 LONDON ROAD |
| 20 May 2022 | £394,432 | £387,000 | 18 HONITON ROAD |
| 31 Mar 2022 | £389,635 | £376,000 | 32 HONITON ROAD |
This house has a floor area of 79 sq meters or 859 sq feet when measured on 24 Feb 2010. Using an estimated price of £377,771 means this house is valued at £4,733 per sq meter (£439 per sq foot).
The average size of a house on HONITON ROAD is 78 sq meters (839 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Old Mill Place | |
| Dec 2023 | Anti-social behaviour | On or near Old Mill Place | |
| Dec 2023 | Anti-social behaviour | On or near Old Mill Place | |
| Dec 2023 | Anti-social behaviour | On or near Old Mill Place | |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Old Mill Place |