£401,649
This estimated value is based upon the latest sale price for the house of £325,000 on 19 Dec 2019. 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 |
|---|---|
| £325,000 | 19 Dec 2019 |
| £267,500 | 16 Jun 2015 |
| Semi-Detached |
| Freehold |
| Floor Area: 72 sq meters or 775 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 December 2019 the House Price Index for GREATER LONDON was 121.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.585%.Applying this 23.585% change to the original purchase price of £325,000 results in an estimated price of approximately £401,649.
| 19 Dec 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 149.7 | 23.585 % | £325,000 | £76,649 | £401,649 |
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 | 8.590 % | £27,917 | £352,917 |
| 3 Month Average | 17.171 % | £55,807 | £380,807 |
| 6 Month Average | 13.571 % | £44,105 | £369,105 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Apr 2024 | £410,565 | £407,000 | 120 EASTERN AVENUE EAST |
| 8 Dec 2023 | £459,107 | £445,000 | 82 PARKSIDE AVENUE |
| 28 Apr 2023 | £305,718 | £300,000 | 69 EASTERN AVENUE EAST |
| 30 Mar 2023 | £274,586 | £270,000 | 38 ASHMOUR GARDENS |
| 18 Nov 2022 | £482,743 | £485,000 | 103 PARKSIDE AVENUE |
This house has a floor area of 72 sq meters or 775 sq feet when measured on 3 May 2016. Using an estimated price of £401,650 means this house is valued at £5,578 per sq meter (£518 per sq foot).
The average size of a house on EASTERN AVENUE EAST is 89 sq meters (960 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Parkside Avenue |
| Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Parkside Avenue |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Parkside Avenue |
| Jul 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Ashmour Gardens |
| Jul 2024 | Robbery | Under investigation | On or near Ashmour Gardens |