£312,176
This estimated value is based upon the latest sale price for the house of £270,000 on 21 Dec 2020. 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 |
|---|---|
| £270,000 | 21 Dec 2020 |
| £93,500 | 18 Feb 2002 |
| Flats/Maisonettes |
| Leasehold |
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 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £270,000 results in an estimated price of approximately £312,176.
| 21 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £270,000 | £42,176 | £312,176 |
The Postcode Pricing Model uses changes in average sales price within the RM2 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 | 65.618 % | £177,167 | £447,167 |
| 3 Month Average | 11.763 % | £31,760 | £301,760 |
| 6 Month Average | 14.685 % | £39,648 | £309,648 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Mar 2024 | £330,071 | £325,000 | 19 CHALFORDE GARDENS |
| 30 Nov 2023 | £283,188 | £276,000 | 58 STATION ROAD |
| 2 Nov 2023 | £336,799 | £328,250 | 22 CHALFORDE GARDENS |
| 12 Oct 2023 | £332,553 | £325,000 | 24 CHALFORDE GARDENS |
| 14 Apr 2023 | £789,772 | £775,000 | SQUIRRELS HEATH HORTICULTURAL SOCIETY STATION ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Station Road | |
| Aug 2024 | Anti-social behaviour | On or near Station Road | |
| Aug 2024 | Anti-social behaviour | On or near Station Road | |
| Aug 2024 | Anti-social behaviour | On or near Station Road | |
| Aug 2024 | Anti-social behaviour | On or near Station Road |