£450,850
This estimated value is based upon the latest sale price for the house of £262,000 on 15 Sep 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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55 Laurel Crescent, Romford, RM7 0RU
Phone: 01708573981
| Price Paid | Date |
|---|---|
| £262,000 | 15 Sep 2011 |
| Terraced |
| Freehold |
| Floor Area: 111 sq meters or 1,198 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 September 2011 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 72.080%.Applying this 72.080% change to the original purchase price of £262,000 results in an estimated price of approximately £450,850.
| 15 Sep 2011 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.0 | 72.080 % | £262,000 | £188,850 | £450,850 |
The Postcode Pricing Model uses changes in average sales price within the RM12 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 | 62.029 % | £162,516 | £424,516 |
| 3 Month Average | 87.746 % | £229,894 | £491,894 |
| 6 Month Average | 90.610 % | £237,399 | £499,399 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £221,798 | £220,000 | 18 BANCROFT CHASE |
| 3 Mar 2023 | £462,500 | £460,000 | 33 CRESCENT AVENUE |
| 3 Jan 2023 | £520,429 | £525,000 | 83 BANCROFT CHASE |
| 15 Mar 2022 | £234,798 | £227,500 | 32 BANCROFT CHASE |
| 17 Feb 2022 | £454,340 | £435,000 | 7 BANCROFT CHASE |
This house has a floor area of 111 sq meters or 1,198 sq feet when measured on 22 Mar 2011. Using an estimated price of £450,850 means this house is valued at £4,050 per sq meter (£376 per sq foot).
The average size of a house on BANCROFT CHASE is 86 sq meters (929 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Other theft | Under investigation | On or near Bancroft Chase |
| Mar 2024 | Vehicle crime | Under investigation | On or near Bancroft Chase |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Bancroft Chase |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Upper Rainham Road |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Upper Rainham Road |