£229,188
This estimated value is based upon the latest sale price for the house of £140,000 on 23 Jul 2008. 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 |
|---|---|
| £140,000 | 23 Jul 2008 |
| £110,000 | 6 Jan 2005 |
| £80,000 | 22 Feb 2002 |
| £52,500 | 28 Feb 2000 |
| £38,950 | 28 Nov 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 61 sq meters or 656 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 July 2008 the House Price Index for GREATER LONDON was 90.4.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 63.706%.Applying this 63.706% change to the original purchase price of £140,000 results in an estimated price of approximately £229,188.
| 23 Jul 2008 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.4 | 148.0 | 63.706 % | £140,000 | £89,188 | £229,188 |
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 | 85.454 % | £119,635 | £259,635 |
| 3 Month Average | 143.473 % | £200,862 | £340,862 |
| 6 Month Average | 116.057 % | £162,479 | £302,479 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £615,744 | £612,000 | 66D WINDSOR ROAD |
| 18 Mar 2022 | £1,128,072 | £1,093,010 | 70 CLAREMONT ROAD |
| 30 Sep 2021 | £343,437 | £320,000 | 471 ROMFORD ROAD |
| 25 Nov 2020 | £17,320 | £15,000 | 396 ROMFORD ROAD |
| 3 Sep 2020 | £409,175 | £346,000 | 426 ROMFORD ROAD |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 28 Apr 2016. Using an estimated price of £229,189 means this house is valued at £3,757 per sq meter (£349 per sq foot).
The average size of a house on ROMFORD ROAD is 78 sq meters (845 sq feet).