£565,221
This estimated value is based upon the latest sale price for the house of £460,000 on 24 Jan 2020. 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 |
|---|---|
| £460,000 | 24 Jan 2020 |
| £102,500 | 30 May 1997 |
| Semi-Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,095 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 January 2020 the House Price Index for GREATER LONDON was 121.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 22.874%.Applying this 22.874% change to the original purchase price of £460,000 results in an estimated price of approximately £565,221.
| 24 Jan 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.8 | 149.7 | 22.874 % | £460,000 | £105,221 | £565,221 |
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 | 0.637 % | £2,929 | £462,929 |
| 3 Month Average | 11.088 % | £51,003 | £511,003 |
| 6 Month Average | 10.285 % | £47,309 | £507,309 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £438,473 | £425,000 | 23 HILL GROVE |
| 1 Dec 2023 | £503,471 | £488,000 | 29 MARSHALLS DRIVE |
| 24 Aug 2023 | £420,138 | £412,560 | 34 HILL GROVE |
| 30 Jun 2023 | £647,986 | £635,000 | 11 HILL GROVE |
| 3 Apr 2023 | £514,626 | £505,000 | 62 MARSHALLS DRIVE |
This house has a floor area of 101 sq meters or 1,095 sq feet when measured on 3 Jun 2009. Using an estimated price of £565,222 means this house is valued at £5,556 per sq meter (£516 per sq foot).
The average size of a house on HILL GROVE is 113 sq meters (1,217 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mcintosh Road |
| Sep 2024 | Anti-social behaviour | On or near Marshalls Drive | |
| Sep 2024 | Drugs | Unable to prosecute suspect | On or near Marshalls Drive |
| Sep 2024 | Anti-social behaviour | On or near Marshalls Drive | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Mashiters Walk |