£177,908
This estimated value is based upon the latest sale price for the house of £110,000 on 23 Mar 2007. 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 |
|---|---|
| £110,000 | 23 Mar 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 46 sq meters or 495 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 March 2007 the House Price Index for GREATER LONDON was 91.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 61.735%.Applying this 61.735% change to the original purchase price of £110,000 results in an estimated price of approximately £177,908.
| 23 Mar 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.9 | 148.6 | 61.735 % | £110,000 | £67,908 | £177,908 |
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 | 79.693 % | £87,662 | £197,662 |
| 3 Month Average | 90.076 % | £99,083 | £209,083 |
| 6 Month Average | 81.546 % | £89,700 | £199,700 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £374,553 | £368,000 | 23 DURHAM AVENUE |
| 16 Aug 2023 | £211,853 | £210,000 | FLAT 38 WELLINGTON HOUSE KIDMAN CLOSE |
| 6 Jan 2023 | £191,100 | £192,000 | FLAT 2 18 DURHAM AVENUE |
| 9 Sep 2022 | £285,693 | £288,000 | FLAT 26 WELLINGTON HOUSE KIDMAN CLOSE |
| 14 Jul 2022 | £250,675 | £250,000 | FLAT 15 WELLINGTON HOUSE KIDMAN CLOSE |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 21 Jun 2016. Using an estimated price of £177,908 means this house is valued at £3,867 per sq meter (£359 per sq foot).
The average size of a house on DURHAM AVENUE is 77 sq meters (829 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Durham Avenue |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Durham Avenue |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Durham Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Thomas Drive |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Thomas Drive |