£1,427,829
This estimated value is based upon the latest sale price for the house of £233,000 on 11 May 2023. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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54a Station Road, Romford, RM6 4BU
Phone: 02080222778
| Price Paid | Date |
|---|---|
| £233,000 | 11 May 2023 |
| £130,000 | 16 Sep 2005 |
| Flats/Maisonettes |
| Leasehold |
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 2023 the House Price Index for GREATER LONDON was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £233,000 results in an estimated price of approximately £1,427,829.
| 11 May 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 149.7 | 512.803 % | £233,000 | £1,194,829 | £1,427,829 |
The Postcode Pricing Model uses changes in average sales price within the RM8 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 | -2.951 % | £-6,875 | £226,124 |
| 3 Month Average | 8.665 % | £20,189 | £253,189 |
| 6 Month Average | 4.338 % | £10,107 | £243,107 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £520,205 | £507,000 | 15 PALMER ROAD |
| 2 Sep 2022 | £459,693 | £460,000 | 66 OVERTON DRIVE |
| 25 Mar 2022 | £438,452 | £420,000 | 11 PALMER ROAD |
| 1 Jul 2021 | £289,443 | £250,000 | 1A FAULKNER CLOSE |
| 29 Jun 2021 | £266,974 | £247,000 | 25 ARMSTRONG CLOSE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Anti-social behaviour | On or near Faulkner Close | |
| Oct 2024 | Anti-social behaviour | On or near Faulkner Close | |
| Oct 2024 | Anti-social behaviour | On or near Faulkner Close | |
| Oct 2024 | Anti-social behaviour | On or near Faulkner Close | |
| Nov 2024 | Theft from the person | Investigation complete; no suspect identified | On or near Parking Area |