£632
This estimated value is based upon the latest sale price for the house of £500 on 5 Jan 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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299 Romford Road, London, E7 9HA
Phone: 02081157779
| Price Paid | Date |
|---|---|
| £500 | 5 Jan 2018 |
| Leasehold |
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 January 2018 the House Price Index for GREATER LONDON was 118.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 26.433%.Applying this 26.433% change to the original purchase price of £500 results in an estimated price of approximately £632.
| 5 Jan 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 149.7 | 26.433 % | £500 | £132 | £632 |
The Postcode Pricing Model uses changes in average sales price within the E7 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 | 24.250 % | £121 | £621 |
| 3 Month Average | 47.865 % | £239 | £739 |
| 6 Month Average | 13.443 % | £67 | £567 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £209,313 | £204,000 | 9B WOODGRANGE ROAD |
| 2 Aug 2023 | £865,612 | £850,000 | 1A NURSERY LANE |
| 3 Jan 2023 | £26,069,657 | £26,000,000 | UNIT A TELEPHONE HOUSE, 4 - 20 WOODGRANGE ROAD |
| 20 Jun 2022 | £459,829 | £450,000 | 321A ROMFORD ROAD |
| 19 May 2022 | £356,282 | £347,000 | 9 WOODGRANGE ROAD |