£643,243
This estimated value is based upon the latest sale price for the house of £278,000 on 23 Jul 2003. 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 |
|---|---|
| £278,000 | 23 Jul 2003 |
| £131,000 | 12 Sep 1998 |
| 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 July 2003 the House Price Index for GREATER LONDON was 64.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 131.382%.Applying this 131.382% change to the original purchase price of £278,000 results in an estimated price of approximately £643,243.
| 23 Jul 2003 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 148.0 | 131.382 % | £278,000 | £365,243 | £643,243 |
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 | 13.012 % | £36,173 | £314,173 |
| 3 Month Average | 115.938 % | £322,306 | £600,306 |
| 6 Month Average | 123.049 % | £342,074 | £620,074 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Nov 2023 | £607,803 | £600,000 | 26A HAMILTON AVENUE |
| 28 Apr 2023 | £302,246 | £300,000 | 69 EASTERN AVENUE EAST |
| 30 Mar 2023 | £271,467 | £270,000 | 38 ASHMOUR GARDENS |
| 18 Nov 2022 | £477,261 | £485,000 | 103 PARKSIDE AVENUE |
| 29 Sep 2022 | £602,670 | £610,000 | 11 HAMILTON AVENUE |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Petrol Station |
| Mar 2024 | Vehicle crime | Under investigation | On or near Petrol Station |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Petrol Station |
| Apr 2024 | Vehicle crime | Under investigation | On or near Ashmour Gardens |
| Apr 2024 | Vehicle crime | Under investigation | On or near Ashmour Gardens |