£348,391
This estimated value is based upon the latest sale price for the house of £231,000 on 3 Oct 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Old Mill Parade, Victoria Road, Romford, RM1 2HU
Phone: 01708573434
| Price Paid | Date |
|---|---|
| £231,000 | 3 Oct 2014 |
| £169,995 | 14 Dec 2007 |
| £175,000 | 28 Sep 2007 |
| £138,000 | 16 May 2003 |
| £124,995 | 25 Oct 2002 |
| £47,000 | 3 Nov 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 106 sq meters or 1,140 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 October 2014 the House Price Index for GREATER LONDON was 99.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 50.819%.Applying this 50.819% change to the original purchase price of £231,000 results in an estimated price of approximately £348,391.
| 3 Oct 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 149.7 | 50.819 % | £231,000 | £117,391 | £348,391 |
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 | 91.683 % | £211,788 | £442,788 |
| 3 Month Average | 93.493 % | £215,969 | £446,969 |
| 6 Month Average | 72.691 % | £167,916 | £398,916 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £497,796 | £482,500 | 28 DYMOKE ROAD |
| 10 Nov 2023 | £261,642 | £255,000 | 23 RICHMOND ROAD |
| 4 Aug 2023 | £234,224 | £230,000 | FLAT 82 TOLBUT COURT LENNOX CLOSE |
| 30 Jun 2023 | £438,793 | £430,000 | 16 BRENTWOOD ROAD |
| 29 Jun 2023 | £456,141 | £447,000 | FLAT 3 MILBANK COURT, 279 SOUTH STREET |
This house has a floor area of 106 sq meters or 1,140 sq feet when measured on 28 Mar 2014. Using an estimated price of £348,392 means this house is valued at £3,286 per sq meter (£305 per sq foot).
The average size of a house on BRENTWOOD ROAD is 85 sq meters (916 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Drugs | Under investigation | On or near Wheatsheaf Road |
| Sep 2024 | Drugs | Under investigation | On or near Kyme Road |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Wheatsheaf Road |
| Oct 2024 | Anti-social behaviour | On or near Artesian Close | |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Artesian Close |