£732,253
This estimated value is based upon the latest sale price for the house of £480,000 on 11 Aug 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £480,000 | 11 Aug 2014 |
| Detached |
| Freehold |
| Floor Area: 174 sq meters or 1,872 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 2014 the House Price Index for GREATER LONDON was 98.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 52.553%.Applying this 52.553% change to the original purchase price of £480,000 results in an estimated price of approximately £732,253.
| 11 Aug 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 149.7 | 52.553 % | £480,000 | £252,253 | £732,253 |
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 | 89.861 % | £431,334 | £911,334 |
| 3 Month Average | 55.287 % | £265,377 | £745,377 |
| 6 Month Average | 66.317 % | £318,322 | £798,322 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £523,036 | £515,000 | 101 FAIRHOLME AVENUE |
| 28 Apr 2023 | £382,148 | £375,000 | 2 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
| 17 Feb 2023 | £587,424 | £583,500 | 59A HEATH PARK ROAD |
| 20 Jan 2023 | £626,674 | £625,000 | 47 HEATH PARK ROAD |
| 10 Aug 2022 | £371,738 | £370,000 | 11 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
This house has a floor area of 174 sq meters or 1,872 sq feet when measured on 12 May 2014. Using an estimated price of £732,253 means this house is valued at £4,208 per sq meter (£390 per sq foot).
The average size of a house on HEATH PARK ROAD is 109 sq meters (1,176 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Oxford Close |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oxford Close |
| Aug 2024 | Anti-social behaviour | On or near Fairholme Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Fairholme Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Fairholme Avenue |