£498,999
This estimated value is based upon the latest sale price for the house of £485,000 on 31 Jul 2023. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Old Mill Parade, Victoria Road, Romford, RM1 2HU
Phone: 01708573434
| Price Paid | Date |
|---|---|
| £485,000 | 31 Jul 2023 |
| Semi-Detached |
| Freehold |
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 2023 the House Price Index for GREATER LONDON was 145.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.887%.Applying this 2.887% change to the original purchase price of £485,000 results in an estimated price of approximately £498,999.
| 31 Jul 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 145.5 | 149.7 | 2.887 % | £485,000 | £13,999 | £498,999 |
The Postcode Pricing Model uses changes in average sales price within the RM11 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 | -22.195 % | £-107,645 | £377,354 |
| 3 Month Average | -11.417 % | £-55,372 | £429,627 |
| 6 Month Average | -8.773 % | £-42,548 | £442,451 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Apr 2024 | £423,679 | £420,000 | 6 DOUGLAS ROAD |
| 8 Mar 2024 | £492,568 | £485,000 | 57 CRAIGDALE ROAD |
| 20 Dec 2023 | £420,934 | £408,000 | 64 CRAIGDALE ROAD |
| 19 Aug 2022 | £411,926 | £410,000 | 30 CRAIGDALE ROAD |
| 30 May 2022 | £423,534 | £412,500 | 12 DOUGLAS ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Vehicle crime | Unable to prosecute suspect | On or near Craigdale Road |
| Jun 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Craigdale Road |
| Sep 2024 | Criminal damage and arson | Under investigation | On or near Douglas Road |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Douglas Road |
| Aug 2024 | Other crime | Under investigation | On or near Douglas Road |