£488,322
This estimated value is based upon the latest sale price for the house of £375,000 on 7 Apr 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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27 Gobions Avenue, Romford, RM5 3SS
Phone: 01708954923
| Price Paid | Date |
|---|---|
| £375,000 | 7 Apr 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 93 sq meters or 1,001 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 April 2017 the House Price Index for GREATER LONDON was 115.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 30.219%.Applying this 30.219% change to the original purchase price of £375,000 results in an estimated price of approximately £488,322.
| 7 Apr 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 115.0 | 149.7 | 30.219 % | £375,000 | £113,322 | £488,322 |
The Postcode Pricing Model uses changes in average sales price within the RM5 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 | 27.155 % | £101,830 | £476,830 |
| 3 Month Average | 26.835 % | £100,630 | £475,630 |
| 6 Month Average | 37.574 % | £140,901 | £515,901 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £434,877 | £425,000 | 31 BOWER CLOSE |
| 1 Jul 2022 | £285,359 | £282,500 | 17 GOBIONS AVENUE |
| 20 Jun 2022 | £633,543 | £620,000 | 6 TWEED GLEN |
| 26 May 2022 | £503,107 | £490,000 | 8 TWEED GLEN |
| 6 May 2022 | £456,903 | £445,000 | 4 TWEED GLEN |
This house has a floor area of 93 sq meters or 1,001 sq feet when measured on 9 Jul 2016. Using an estimated price of £488,322 means this house is valued at £5,250 per sq meter (£487 per sq foot).
The average size of a house on BOWER CLOSE is 106 sq meters (1,144 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Bower Close |
| Jul 2024 | Criminal damage and arson | Unable to prosecute suspect | On or near Bower Close |
| Jun 2024 | Anti-social behaviour | On or near Bower Close | |
| Jun 2024 | Anti-social behaviour | On or near Bower Close | |
| Jun 2024 | Vehicle crime | Under investigation | On or near Bower Close |