£443,671
This estimated value is based upon the latest sale price for the house of £425,000 on 18 Mar 2022. 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 |
|---|---|
| £425,000 | 18 Mar 2022 |
| £225,000 | 20 Oct 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 March 2022 the House Price Index for GREATER LONDON was 143.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 4.393%.Applying this 4.393% change to the original purchase price of £425,000 results in an estimated price of approximately £443,671.
| 18 Mar 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 149.7 | 4.393 % | £425,000 | £18,671 | £443,671 |
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 | -12.331 % | £-52,407 | £372,592 |
| 3 Month Average | 31.708 % | £134,760 | £559,760 |
| 6 Month Average | 18.199 % | £77,344 | £502,344 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 May 2024 | £332,000 | £332,000 | 194 HAVERING ROAD |
| 28 Mar 2024 | £421,476 | £415,000 | 256 HAVERING ROAD |
| 25 Mar 2024 | £657,299 | £647,200 | 151A HAVERING ROAD |
| 14 Nov 2023 | £471,981 | £460,000 | 335 PETTITS LANE NORTH |
| 27 Oct 2023 | £583,247 | £570,000 | 202 HAVERING ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 13 Sep 2021. Using an estimated price of £443,672 means this house is valued at £6,524 per sq meter (£606 per sq foot).
The average size of a house on PETTITS LANE NORTH is 96 sq meters (1,037 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Wood View Mews |
| Sep 2024 | Other crime | Investigation complete; no suspect identified | On or near Wood View Mews |
| Aug 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wood View Mews |
| Aug 2024 | Drugs | Under investigation | On or near Wood View Mews |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Heather Close |