£343,296
This estimated value is based upon the latest sale price for the house of £335,500 on 2 Oct 2023. 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 |
|---|---|
| £335,500 | 2 Oct 2023 |
| Leasehold |
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 October 2023 the House Price Index for GREATER LONDON was 146.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.324%.Applying this 2.324% change to the original purchase price of £335,500 results in an estimated price of approximately £343,296.
| 2 Oct 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.3 | 149.7 | 2.324 % | £335,500 | £7,796 | £343,296 |
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 | 36.897 % | £123,789 | £459,289 |
| 3 Month Average | 20.790 % | £69,749 | £405,249 |
| 6 Month Average | 11.424 % | £38,326 | £373,826 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Oct 2023 | £343,297 | £335,500 | 5A MANOR ROAD |
| 27 Sep 2023 | £523,541 | £512,000 | 6 HEATH PARK ROAD |
| 24 Feb 2023 | £191,278 | £190,000 | 1 RUSHDON CLOSE |
| 28 Mar 2022 | £469,770 | £450,000 | 9 MANOR ROAD |
| 4 Mar 2022 | £621,140 | £595,000 | 41 MANOR ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Springwood Way |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Springwood Way |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Springwood Way |
| Oct 2024 | Public order | Under investigation | On or near Manor Road |
| Oct 2024 | Public order | Under investigation | On or near Manor Road |