£384,378
This estimated value is based upon the latest sale price for the house of £68,500 on 19 May 1996. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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55 Laurel Crescent, Romford, RM7 0RU
Phone: 01708573981
| Price Paid | Date |
|---|---|
| £68,500 | 19 May 1996 |
| Semi-Detached |
| 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 May 1996 the House Price Index for GREATER LONDON was 26.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 461.136%.Applying this 461.136% change to the original purchase price of £68,500 results in an estimated price of approximately £384,378.
| 19 May 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 148.6 | 461.136 % | £68,500 | £315,878 | £384,378 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | 614.012 % | £420,598 | £489,098 |
| 3 Month Average | 438.050 % | £300,063 | £368,563 |
| 6 Month Average | 436.714 % | £299,148 | £367,648 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £494,826 | £487,500 | 44 LEGON AVENUE |
| 29 Nov 2022 | £441,650 | £447,000 | 43 HORACE AVENUE |
| 23 Nov 2022 | £241,080 | £244,000 | 80A FOURTH AVENUE |
| 26 Aug 2022 | £428,846 | £430,000 | 10 LEGON AVENUE |
| 4 Feb 2022 | £445,695 | £425,000 | 91 FOURTH AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Rush Green Gardens | |
| Jan 2024 | Anti-social behaviour | On or near Rush Green Gardens | |
| Jan 2024 | Anti-social behaviour | On or near Rush Green Gardens | |
| Jan 2024 | Anti-social behaviour | On or near Rush Green Gardens | |
| Dec 2023 | Anti-social behaviour | On or near Rush Green Gardens |