£490,005
This estimated value is based upon the latest sale price for the house of £454,000 on 17 Dec 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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27 Gobions Avenue, Romford, RM5 3SS
Phone: 01708954923
| Price Paid | Date |
|---|---|
| £454,000 | 17 Dec 2021 |
| £109,995 | 25 Apr 2000 |
| £71,995 | 30 Mar 1995 |
| Terraced |
| Freehold |
| Floor Area: 108 sq meters or 1,162 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 December 2021 the House Price Index for GREATER LONDON was 138.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 7.931%.Applying this 7.931% change to the original purchase price of £454,000 results in an estimated price of approximately £490,005.
| 17 Dec 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 149.7 | 7.931 % | £454,000 | £36,005 | £490,005 |
The Postcode Pricing Model uses changes in average sales price within the RM5 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 | -29.669 % | £-134,697 | £319,302 |
| 3 Month Average | 5.501 % | £24,975 | £478,975 |
| 6 Month Average | 14.730 % | £66,873 | £520,873 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Aug 2024 | £605,000 | £605,000 | 27 BELLE VUE ROAD |
| 8 Jun 2022 | £459,829 | £450,000 | 49 ASCENSION ROAD |
| 27 Apr 2022 | £414,969 | £400,000 | 85 ASCENSION ROAD |
| 17 Dec 2021 | £490,006 | £454,000 | 62 ASCENSION ROAD |
| 7 Dec 2021 | £410,136 | £379,999 | 57 ASCENSION ROAD |
This house has a floor area of 108 sq meters or 1,162 sq feet when measured on 28 Jun 2021. Using an estimated price of £490,006 means this house is valued at £4,537 per sq meter (£421 per sq foot).
The average size of a house on ASCENSION ROAD is 114 sq meters (1,230 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Anti-social behaviour | On or near Laceman Mews | |
| Aug 2024 | Anti-social behaviour | On or near Laceman Mews | |
| Aug 2024 | Anti-social behaviour | On or near Laceman Mews | |
| Aug 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Highfield Road |
| Jun 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Highfield Road |