£478,220
This estimated value is based upon the latest sale price for the house of £360,000 on 23 Sep 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
| Price Paid | Date |
|---|---|
| £360,000 | 23 Sep 2016 |
| £59,500 | 28 Feb 1997 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 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 September 2016 the House Price Index for GREATER LONDON was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £360,000 results in an estimated price of approximately £478,220.
| 23 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £360,000 | £118,220 | £478,220 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | 42.037 % | £151,332 | £511,332 |
| 3 Month Average | 16.320 % | £58,750 | £418,750 |
| 6 Month Average | 18.800 % | £67,678 | £427,678 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £420,375 | £415,000 | 167 MARKS ROAD |
| 15 Aug 2023 | £388,398 | £385,000 | 64 MARKS ROAD |
| 31 Mar 2023 | £415,918 | £412,000 | 74 MILDMAY ROAD |
| 20 Jun 2022 | £210,474 | £207,500 | 10 BARKWOOD CLOSE |
| 14 Jun 2022 | £260,684 | £257,000 | FLAT 8 ORTON COURT MAWNEY ROAD |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 3 Jun 2016. Using an estimated price of £478,221 means this house is valued at £5,255 per sq meter (£488 per sq foot).
The average size of a house on MILDMAY ROAD is 93 sq meters (1,002 sq feet).