£360,387
This estimated value is based upon the latest sale price for the house of £237,500 on 4 Jun 2014. 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 |
|---|---|
| £237,500 | 4 Jun 2014 |
| £102,000 | 29 Jun 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 June 2014 the House Price Index for GREATER LONDON was 96.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 51.742%.Applying this 51.742% change to the original purchase price of £237,500 results in an estimated price of approximately £360,387.
| 4 Jun 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 96.7 | 146.7 | 51.742 % | £237,500 | £122,887 | £360,387 |
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 | 56.014 % | £133,032 | £370,532 |
| 3 Month Average | 20.732 % | £49,237 | £286,737 |
| 6 Month Average | 28.781 % | £68,353 | £305,853 |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 5 Dec 2013.
There is one other house on the street which we know the size of, this is 6 CHILDS CLOSE it is 60.0
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hill Crescent |
| Dec 2023 | Vehicle crime | Under investigation | On or near Hill Crescent |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Slewins Lane |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Slewins Lane |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Slewins Lane |