£398,602
This estimated value is based upon the latest sale price for the house of £230,000 on 18 Mar 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £230,000 | 18 Mar 2011 |
| Terraced |
| Freehold |
| Floor Area: 71 sq meters or 772 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 2011 the House Price Index for GREATER LONDON was 86.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 73.305%.Applying this 73.305% change to the original purchase price of £230,000 results in an estimated price of approximately £398,602.
| 18 Mar 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.4 | 149.7 | 73.305 % | £230,000 | £168,602 | £398,602 |
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 | 103.890 % | £238,947 | £468,947 |
| 3 Month Average | 129.259 % | £297,294 | £527,294 |
| 6 Month Average | 101.977 % | £234,546 | £464,546 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £432,806 | £425,000 | 47 HEATHER GARDENS |
| 9 Jun 2023 | £433,691 | £425,000 | 49 HEATHER GARDENS |
| 5 Jun 2023 | £474,509 | £465,000 | 51 HEATHER GARDENS |
| 3 Apr 2023 | £443,291 | £435,000 | 6 HEATHER WAY |
| 30 Mar 2023 | £432,218 | £425,000 | 62 HEATHER WAY |
This house has a floor area of 71 sq meters or 772 sq feet when measured on 1 Dec 2010. Using an estimated price of £398,602 means this house is valued at £5,554 per sq meter (£516 per sq foot).
The average size of a house on HEATHER WAY is 91 sq meters (983 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Heather Close |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Heather Avenue |
| Jul 2024 | Anti-social behaviour | On or near Heather Avenue | |
| Jul 2024 | Anti-social behaviour | On or near Heather Avenue | |
| Jul 2024 | Anti-social behaviour | On or near Heather Avenue |