£582,837
This estimated value is based upon the latest sale price for the house of £229,995 on 1 Nov 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Osborne Close
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
Price Paid | Date |
---|---|
£229,995 | 1 Nov 2002 |
Terraced |
Freehold |
Floor Area: 166 sq meters or 1,786 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 November 2002 the House Price Index for GREATER LONDON was 57.9.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 153.413%.Applying this 153.413% change to the original purchase price of £229,995 results in an estimated price of approximately £582,837.
1 Nov 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
57.9 | 146.7 | 153.413 % | £229,995 | £352,842 | £582,837 |
The Postcode Pricing Model uses changes in average sales price within the RM11 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 | 108.022 % | £248,445 | £478,440 |
3 Month Average | 94.415 % | £217,150 | £447,145 |
6 Month Average | 109.631 % | £252,145 | £482,140 |
This house has a floor area of 166 sq meters or 1,786 sq feet when measured on 5 Oct 2015.
The average size of a house on OSBORNE ROAD is 119 sq meters (1,286 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Burglary | Under investigation | On or near Osborne Close |
Dec 2023 | Drugs | Local resolution | On or near Cranham Road |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hurstlands Close |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Hurstlands Close |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thorncroft |