£1,143,597
This estimated value is based upon the latest sale price for the house of £350,000 on 5 Oct 2001. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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320 Romford Rd, Forest Gate, London, E7 8BD
Phone: 02080222695
| Price Paid | Date |
|---|---|
| £350,000 | 5 Oct 2001 |
| Terraced |
| Freehold |
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 October 2001 the House Price Index for GREATER LONDON was 45.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 226.742%.Applying this 226.742% change to the original purchase price of £350,000 results in an estimated price of approximately £1,143,597.
| 5 Oct 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 45.8 | 149.7 | 226.742 % | £350,000 | £793,597 | £1,143,597 |
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 | 335.606 % | £1,174,620 | £1,524,620 |
| 3 Month Average | 343.208 % | £1,201,229 | £1,551,229 |
| 6 Month Average | 312.501 % | £1,093,752 | £1,443,752 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £459,107 | £445,000 | 26 WINDSOR ROAD |
| 15 Sep 2023 | £375,273 | £367,000 | 3 KEBBELL TERRACE |
| 31 Aug 2023 | £386,980 | £380,000 | 12 KEBBELL TERRACE |
| 14 Jul 2022 | £277,783 | £275,000 | 20 POINT TERRACE |
| 9 May 2022 | £338,827 | £330,000 | 14 PALMERSTON ROAD |