£1,209,659
This estimated value is based upon the latest sale price for the house of £700,000 on 21 Jan 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £700,000 | 21 Jan 2011 |
| £310,000 | 9 Dec 2005 |
| Detached |
| Freehold |
| Floor Area: 197 sq meters or 2,120 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 January 2011 the House Price Index for GREATER LONDON was 86.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 72.808%.Applying this 72.808% change to the original purchase price of £700,000 results in an estimated price of approximately £1,209,659.
| 21 Jan 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 149.7 | 72.808 % | £700,000 | £509,659 | £1,209,659 |
The Postcode Pricing Model uses changes in average sales price within the RM2 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 | 63.660 % | £445,616 | £1,145,616 |
| 3 Month Average | 64.100 % | £448,701 | £1,148,701 |
| 6 Month Average | 68.456 % | £479,193 | £1,179,193 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Jun 2024 | £870,000 | £870,000 | BROOKSIDE HEATON GRANGE ROAD |
| 14 May 2024 | £610,000 | £610,000 | 1 BROOK ROAD |
| 15 Mar 2024 | £985,136 | £970,000 | 41 PARKWAY |
| 18 Dec 2023 | £768,618 | £745,000 | 88 PARKWAY |
| 6 Oct 2023 | £286,507 | £280,000 | 356 EASTERN AVENUE EAST |
This house has a floor area of 197 sq meters or 2,120 sq feet when measured on 21 Jun 2010. Using an estimated price of £1,209,659 means this house is valued at £6,140 per sq meter (£570 per sq foot).
The average size of a house on BROOK ROAD is 152 sq meters (1,641 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Brook Road | |
| Aug 2024 | Anti-social behaviour | On or near Brook Road | |
| Aug 2024 | Anti-social behaviour | On or near Brook Road |