£476,301
This estimated value is based upon the latest sale price for the house of £415,000 on 7 Dec 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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55 Laurel Crescent, Romford, RM7 0RU
Phone: 01708573981
Price Paid | Date |
---|---|
£415,000 | 7 Dec 2020 |
Semi-Detached |
Freehold |
Floor Area: 109 sq meters or 1,173 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 December 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 14.771%.Applying this 14.771% change to the original purchase price of £415,000 results in an estimated price of approximately £476,301.
7 Dec 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
129.5 | 148.6 | 14.771 % | £415,000 | £61,301 | £476,301 |
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 | 39.271 % | £162,976 | £577,976 |
3 Month Average | 9.305 % | £38,616 | £453,616 |
6 Month Average | 14.308 % | £59,377 | £474,377 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
6 Nov 2023 | £451,687 | £445,000 | 32 FOURTH AVENUE |
30 Jun 2023 | £597,234 | £590,000 | 79 THORNTONS FARM AVENUE |
6 Jan 2023 | £451,871 | £454,000 | 44 PHILIP AVENUE |
15 Jul 2022 | £365,985 | £365,000 | 6 PHILIP CLOSE |
30 Jun 2022 | £486,881 | £480,000 | 53 PHILIP AVENUE |
This house has a floor area of 109 sq meters or 1,173 sq feet when measured on 25 Jun 2020. Using an estimated price of £476,301 means this house is valued at £4,369 per sq meter (£405 per sq foot).
The average size of a house on THORNTONS FARM AVENUE is 90 sq meters (978 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Public order | Under investigation | On or near Further/Higher Educational Building |
Dec 2023 | Theft from the person | Investigation complete; no suspect identified | On or near Further/Higher Educational Building |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Fourth Avenue |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Fourth Avenue |
Dec 2023 | Drugs | Under investigation | On or near Philip Avenue |