£589,567
This estimated value is based upon the latest sale price for the house of £335,000 on 19 Oct 2009. 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 |
|---|---|
| £335,000 | 19 Oct 2009 |
| Terraced |
| Freehold |
| Floor Area: 105 sq meters or 1,140 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 October 2009 the House Price Index for GREATER LONDON was 84.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 75.990%.Applying this 75.990% change to the original purchase price of £335,000 results in an estimated price of approximately £589,567.
| 19 Oct 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.4 | 148.6 | 75.990 % | £335,000 | £254,567 | £589,567 |
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 | 81.379 % | £272,621 | £607,621 |
| 3 Month Average | 78.828 % | £264,072 | £599,072 |
| 6 Month Average | 74.851 % | £250,751 | £585,751 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £515,000 | £515,000 | 101 FAIRHOLME AVENUE |
| 28 Sep 2023 | £301,860 | £298,000 | FLAT 7 HEATHLANDS WITHAM ROAD |
| 18 Aug 2023 | £554,854 | £550,000 | 2 WITHAM ROAD |
| 19 Jul 2023 | £395,321 | £390,000 | 6 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
| 28 Apr 2023 | £379,082 | £375,000 | 2 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
This house has a floor area of 105 sq meters or 1,140 sq feet when measured on 14 May 2009. Using an estimated price of £589,567 means this house is valued at £5,566 per sq meter (£517 per sq foot).
The average size of a house on FAIRHOLME AVENUE is 130 sq meters (1,405 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Oxford Close | |
| Jan 2024 | Anti-social behaviour | On or near Oxford Close | |
| Jan 2024 | Anti-social behaviour | On or near Oxford Close |