£3,370,414
This estimated value is based upon the latest sale price for the house of £550,000 on 16 Sep 2024. 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 |
|---|---|
| £550,000 | 16 Sep 2024 |
| Detached |
| Freehold |
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 2024 the House Price Index for GREATER LONDON was 24.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 512.803%.Applying this 512.803% change to the original purchase price of £550,000 results in an estimated price of approximately £3,370,414.
| 16 Sep 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 24.4 | 149.7 | 512.803 % | £550,000 | £2,820,414 | £3,370,414 |
The Postcode Pricing Model uses changes in average sales price within the RM11 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 | -2.024 % | £-11,134 | £538,865 |
| 3 Month Average | 9.484 % | £52,161 | £602,161 |
| 6 Month Average | 2.991 % | £16,452 | £566,452 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2024 | £700,000 | £700,000 | 11A WESTMORELAND AVENUE |
| 16 Sep 2024 | £550,000 | £550,000 | 63 NORTHUMBERLAND AVENUE |
| 2 Apr 2024 | £731,351 | £725,000 | 15 WESTMORELAND AVENUE |
| 19 Dec 2023 | £539,064 | £522,500 | 21 NORTHUMBERLAND AVENUE |
| 8 Sep 2023 | £618,637 | £605,000 | 45 NORTHUMBERLAND AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Manor Crescent |
| Aug 2024 | Vehicle crime | Under investigation | On or near Manor Crescent |
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Parking Area |
| Oct 2024 | Anti-social behaviour | On or near Parking Area | |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Parking Area |