£491,586
This estimated value is based upon the latest sale price for the house of £385,000 on 29 Sep 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £385,000 | 29 Sep 2017 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 2017 the House Price Index for GREATER LONDON was 117.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 27.685%.Applying this 27.685% change to the original purchase price of £385,000 results in an estimated price of approximately £491,586.
| 29 Sep 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.2 | 149.7 | 27.685 % | £385,000 | £106,586 | £491,586 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | -7.819 % | £-30,104 | £354,895 |
| 3 Month Average | 22.420 % | £86,317 | £471,317 |
| 6 Month Average | 16.518 % | £63,596 | £448,596 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Apr 2024 | £274,383 | £272,000 | FLAT 9 NARBORO COURT MANOR ROAD |
| 8 Dec 2023 | £595,808 | £577,500 | 59 PRINCES ROAD |
| 6 Oct 2023 | £230,229 | £225,000 | 87 PRINCES ROAD |
| 25 Aug 2023 | £645,645 | £634,000 | 48 MANOR ROAD |
| 9 Jan 2023 | £295,790 | £295,000 | FLAT 3 NARBORO COURT MANOR ROAD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 6 Mar 2017. Using an estimated price of £491,586 means this house is valued at £5,523 per sq meter (£513 per sq foot).
The average size of a house on MANOR ROAD is 106 sq meters (1,147 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jul 2024 | Anti-social behaviour | On or near Narboro Court | |
| Jul 2024 | Public order | Unable to prosecute suspect | On or near Narboro Court |
| Jul 2024 | Anti-social behaviour | On or near Narboro Court | |
| Jul 2024 | Anti-social behaviour | On or near Narboro Court | |
| Jul 2024 | Vehicle crime | Unable to prosecute suspect | On or near Narboro Court |