£515,679
This estimated value is based upon the latest sale price for the house of £490,000 on 21 Jan 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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54a Station Road, Romford, RM6 4BU
Phone: 02080222778
| Price Paid | Date |
|---|---|
| £490,000 | 21 Jan 2022 |
| £244,000 | 2 Nov 2006 |
| Terraced |
| Freehold |
| Floor Area: 119 sq meters or 1,280 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 2022 the House Price Index for GREATER LONDON was 141.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 5.241%.Applying this 5.241% change to the original purchase price of £490,000 results in an estimated price of approximately £515,679.
| 21 Jan 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 148.6 | 5.241 % | £490,000 | £25,679 | £515,679 |
The Postcode Pricing Model uses changes in average sales price within the RM6 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 | -11.754 % | £-57,595 | £432,404 |
| 3 Month Average | 6.987 % | £34,236 | £524,236 |
| 6 Month Average | -3.725 % | £-18,253 | £471,746 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £384,188 | £378,500 | 5 ALDINGTON CLOSE |
| 8 Nov 2023 | £456,762 | £450,000 | 15 BELFAIRS DRIVE |
| 13 May 2022 | £259,388 | £254,500 | 17 ALDINGTON CLOSE |
| 9 May 2022 | £453,546 | £445,000 | 9 BELFAIRS DRIVE |
| 21 Jan 2022 | £515,680 | £490,000 | 60 OVERTON DRIVE |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 22 Jun 2021. Using an estimated price of £515,680 means this house is valued at £4,333 per sq meter (£402 per sq foot).
The average size of a house on OVERTON DRIVE is 63 sq meters (685 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Overton Drive |
| Apr 2024 | Robbery | Under investigation | On or near Overton Drive |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Overton Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Overton Drive |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Overton Drive |