£603,145
This estimated value is based upon the latest sale price for the house of £480,000 on 25 May 2018. 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 |
|---|---|
| £480,000 | 25 May 2018 |
| Semi-Detached |
| Freehold |
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 May 2018 the House Price Index for GREATER LONDON was 119.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.655%.Applying this 25.655% change to the original purchase price of £480,000 results in an estimated price of approximately £603,145.
| 25 May 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.1 | 149.7 | 25.655 % | £480,000 | £123,145 | £603,145 |
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 | 48.426 % | £232,446 | £712,446 |
| 3 Month Average | 31.441 % | £150,915 | £630,915 |
| 6 Month Average | 12.277 % | £58,929 | £538,929 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £438,473 | £425,000 | 23 HILL GROVE |
| 14 Jun 2023 | £301,033 | £295,000 | FLAT 14 GREAT PETTITS COURT, 130 PETTITS LANE |
| 8 Nov 2022 | £288,650 | £290,000 | FLAT 1 GREAT PETTITS COURT, 130 PETTITS LANE |
| 14 Apr 2022 | £819,563 | £790,000 | 145 PETTITS LANE |
| 18 Feb 2022 | £485,970 | £460,000 | 25 HILL GROVE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Drugs | Unable to prosecute suspect | On or near Marshalls Drive |
| Sep 2024 | Anti-social behaviour | On or near Marshalls Drive | |
| Sep 2024 | Anti-social behaviour | On or near Marshalls Drive | |
| Oct 2024 | Burglary | Investigation complete; no suspect identified | On or near Pettits Close |
| Aug 2024 | Anti-social behaviour | On or near Pettits Close |