£515,584
This estimated value is based upon the latest sale price for the house of £315,000 on 18 Nov 2013. 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 |
|---|---|
| £315,000 | 18 Nov 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 89 sq meters or 962 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 November 2013 the House Price Index for GREATER LONDON was 91.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 63.678%.Applying this 63.678% change to the original purchase price of £315,000 results in an estimated price of approximately £515,584.
| 18 Nov 2013 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.5 | 149.7 | 63.678 % | £315,000 | £200,584 | £515,584 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | 74.948 % | £236,086 | £551,086 |
| 3 Month Average | 92.774 % | £292,238 | £607,238 |
| 6 Month Average | 71.441 % | £225,038 | £540,038 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 26 Jul 2024 | £405,000 | £405,000 | 53 CLYDE WAY |
| 27 Oct 2023 | £568,921 | £556,000 | 68 CLYDE WAY |
| 20 Oct 2023 | £470,690 | £460,000 | 64 DEE WAY |
| 29 Sep 2023 | £424,355 | £415,000 | 5 DEVERON WAY |
| 15 Sep 2023 | £633,975 | £620,000 | 96 DEE WAY |
This house has a floor area of 89 sq meters or 962 sq feet when measured on 29 Mar 2010. Using an estimated price of £515,585 means this house is valued at £5,764 per sq meter (£535 per sq foot).
The average size of a house on DEE WAY is 109 sq meters (1,180 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Investigation complete; no suspect identified | On or near Cree Way |
| Oct 2024 | Anti-social behaviour | On or near Dee Way | |
| Oct 2024 | Anti-social behaviour | On or near Dee Way | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Dee Way |
| Oct 2024 | Anti-social behaviour | On or near Dee Way |