£397,088
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 Apr 2024 is 148.0 which is a change of 22.181%.Applying this 22.181% change to the original purchase price of £325,000 results in an estimated price of approximately £397,088.
| 19 Dec 2019 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.0 | 22.181 % | £325,000 | £72,088 | £397,088 |
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 | -54.104 % | £-175,838 | £149,161 |
| 3 Month Average | 8.437 % | £27,420 | £352,420 |
| 6 Month Average | 19.068 % | £61,970 | £386,970 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Dec 2023 | £453,581 | £445,000 | 82 PARKSIDE AVENUE |
| 28 Apr 2023 | £302,246 | £300,000 | 69 EASTERN AVENUE EAST |
| 30 Mar 2023 | £271,467 | £270,000 | 38 ASHMOUR GARDENS |
| 18 Nov 2022 | £477,261 | £485,000 | 103 PARKSIDE AVENUE |
| 28 Sep 2022 | £464,352 | £470,000 | 37 ASHMOUR GARDENS |
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 £397,089 means this house is valued at £5,515 per sq meter (£512 per sq foot).
The average size of a house on EASTERN AVENUE EAST is 89 sq meters (960 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Parkside Avenue |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parkside Avenue |
| Apr 2024 | Vehicle crime | Under investigation | On or near Ashmour Gardens |
| Apr 2024 | Vehicle crime | Under investigation | On or near Ashmour Gardens |
| Apr 2024 | Vehicle crime | Under investigation | On or near Fairoak Gardens |