£665,703
This estimated value is based upon the latest sale price for the house of £500,000 on 19 Aug 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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471 Romford Road, Forest Gate, London, E7 8AB
Phone: 02080335952
| Price Paid | Date |
|---|---|
| £500,000 | 19 Aug 2016 |
| £100,000 | 7 Oct 2002 |
| £74,000 | 26 Jun 1997 |
| Terraced |
| Freehold |
| Floor Area: 216 sq meters or 2,325 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 August 2016 the House Price Index for GREATER LONDON was 111.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 33.141%.Applying this 33.141% change to the original purchase price of £500,000 results in an estimated price of approximately £665,703.
| 19 Aug 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 148.6 | 33.141 % | £500,000 | £165,703 | £665,703 |
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 | 57.477 % | £287,383 | £787,383 |
| 3 Month Average | 19.385 % | £96,922 | £596,922 |
| 6 Month Average | 31.128 % | £155,638 | £655,638 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Sep 2023 | £638,160 | £630,000 | 71A WINDSOR ROAD |
| 4 Aug 2023 | £617,401 | £612,000 | 66D WINDSOR ROAD |
| 18 Mar 2022 | £1,132,645 | £1,093,010 | 70 CLAREMONT ROAD |
| 30 Sep 2021 | £344,830 | £320,000 | 471 ROMFORD ROAD |
| 25 Nov 2020 | £17,390 | £15,000 | 396 ROMFORD ROAD |
This house has a floor area of 216 sq meters or 2,325 sq feet when measured on 19 Mar 2018. Using an estimated price of £665,704 means this house is valued at £3,081 per sq meter (£286 per sq foot).
The average size of a house on ROMFORD ROAD is 78 sq meters (845 sq feet).