£311,023
This estimated value is based upon the latest sale price for the house of £149,995 on 7 Jun 2004. 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 |
---|---|
£149,995 | 7 Jun 2004 |
Semi-Detached |
Leasehold |
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 2004 the House Price Index for GREATER LONDON was 50.3.
The House Price Index as of 1 Mar 2025 is 104.3 which is a change of 107.356%.Applying this 107.356% change to the original purchase price of £149,995 results in an estimated price of approximately £311,023.
7 Jun 2004 | 1 Mar 2025 | % change | Purchase Price | Gain / Loss | Estimated Price |
50.3 | 104.3 | 107.356 % | £149,995 | £161,028 | £311,023 |
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 | 104.539 % | £156,802 | £306,797 |
3 Month Average | 90.673 % | £136,005 | £286,000 |
6 Month Average | 110.102 % | £165,148 | £315,143 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
9 Dec 2024 | £361,078 | £350,000 | 121 ELMHURST DRIVE |
15 Dec 2023 | £537,075 | £500,000 | 147 OSBORNE ROAD |
29 Sep 2023 | £451,860 | £425,000 | 8 COURAGE CLOSE |
9 Dec 2022 | £462,747 | £445,000 | 6 COURAGE CLOSE |
11 Nov 2022 | £658,355 | £635,000 | 66 ELMHURST DRIVE |
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2025 | Violence and sexual offences | Under investigation | On or near Hurstlands Close |
Jan 2025 | Violence and sexual offences | Unable to prosecute suspect | On or near Hurstlands Close |
Apr 2025 | Vehicle crime | Unable to prosecute suspect | On or near Osborne Road |
Apr 2025 | Burglary | Investigation complete; no suspect identified | On or near Osborne Road |
Apr 2025 | Burglary | Investigation complete; no suspect identified | On or near Osborne Road |