£505,344
This estimated value is based upon the latest sale price for the house of £410,000 on 11 Feb 2020. 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 Lewis Road
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £410,000 | 11 Feb 2020 |
| Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 2020 the House Price Index for GREATER LONDON was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £410,000 results in an estimated price of approximately £505,344.
| 11 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £410,000 | £95,344 | £505,344 |
The Postcode Pricing Model uses changes in average sales price within the RM11 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 | 2.075 % | £8,509 | £418,509 |
| 3 Month Average | 1.880 % | £7,707 | £417,707 |
| 6 Month Average | -1.793 % | £-7,351 | £402,648 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 May 2024 | £450,000 | £450,000 | 25A PERCIVAL ROAD |
| 15 Dec 2023 | £598,387 | £580,000 | 115 HILLVIEW AVENUE |
| 30 Jun 2023 | £561,247 | £550,000 | 40 PERCIVAL ROAD |
| 8 Jun 2023 | £457,162 | £448,000 | 4 PERCIVAL ROAD |
| 28 Apr 2023 | £519,721 | £510,000 | 153 HILLVIEW AVENUE |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 10 Oct 2019. Using an estimated price of £505,344 means this house is valued at £6,562 per sq meter (£609 per sq foot).
The average size of a house on PERCIVAL ROAD is 83 sq meters (900 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Burglary | Investigation complete; no suspect identified | On or near Lewis Road |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Courage Close |
| Sep 2024 | Anti-social behaviour | On or near Courage Close | |
| Jul 2024 | Anti-social behaviour | On or near Courage Close | |
| Jul 2024 | Anti-social behaviour | On or near Courage Close |