£305,292
This estimated value is based upon the latest sale price for the house of £64,950 on 6 Aug 1998. 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 |
|---|---|
| £64,950 | 6 Aug 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 1998 the House Price Index for GREATER LONDON was 31.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 370.042%.Applying this 370.042% change to the original purchase price of £64,950 results in an estimated price of approximately £305,292.
| 6 Aug 1998 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 31.8 | 149.7 | 370.042 % | £64,950 | £240,342 | £305,292 |
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 | 342.776 % | £222,633 | £287,583 |
| 3 Month Average | 290.391 % | £188,608 | £253,558 |
| 6 Month Average | 313.975 % | £203,926 | £268,876 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £330,071 | £325,000 | 19 CHALFORDE GARDENS |
| 30 Nov 2023 | £283,188 | £276,000 | 58 STATION ROAD |
| 2 Nov 2023 | £336,799 | £328,250 | 22 CHALFORDE GARDENS |
| 12 Oct 2023 | £332,553 | £325,000 | 24 CHALFORDE GARDENS |
| 28 Jun 2023 | £382,669 | £375,000 | 148 BALGORES LANE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 15 May 2014. Using an estimated price of £305,292 means this house is valued at £5,550 per sq meter (£515 per sq foot).
The average size of a house on CHALFORDE GARDENS is 59 sq meters (640 sq feet).