£504,967
This estimated value is based upon the latest sale price for the house of £289,995 on 26 Aug 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £289,995 | 26 Aug 2011 |
| Terraced |
| Freehold |
| Floor Area: 107 sq meters or 1,156 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 2011 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.130%.Applying this 74.130% change to the original purchase price of £289,995 results in an estimated price of approximately £504,967.
| 26 Aug 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.130 % | £289,995 | £214,972 | £504,967 |
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 | 62.956 % | £182,570 | £472,565 |
| 3 Month Average | 88.072 % | £255,405 | £545,400 |
| 6 Month Average | 81.057 % | £235,060 | £525,055 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Apr 2023 | £443,291 | £435,000 | 6 HEATHER WAY |
| 30 Mar 2023 | £432,218 | £425,000 | 62 HEATHER WAY |
| 30 Jun 2022 | £536,468 | £525,000 | 3 HEATHER WAY |
| 1 Jun 2022 | £638,652 | £625,000 | 218 PETTITS LANE NORTH |
| 1 Nov 2021 | £555,655 | £510,000 | 216 PETTITS LANE NORTH |
This house has a floor area of 107 sq meters or 1,156 sq feet when measured on 11 Mar 2010. Using an estimated price of £504,968 means this house is valued at £4,700 per sq meter (£436 per sq foot).
The average size of a house on PETTITS LANE NORTH is 96 sq meters (1,037 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Heather Close |
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Heather Gardens |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Heather Gardens |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wood View Mews |
| Sep 2024 | Other crime | Investigation complete; no suspect identified | On or near Wood View Mews |