£338,494
This estimated value is based upon the latest sale price for the house of £178,500 on 26 Nov 2004. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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132 South Street, Romford, RM1 1TE
Phone: 01708573581
| Price Paid | Date |
|---|---|
| £178,500 | 26 Nov 2004 |
| £140,000 | 30 Nov 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 69 sq meters or 742 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 November 2004 the House Price Index for GREATER LONDON was 78.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 89.633%.Applying this 89.633% change to the original purchase price of £178,500 results in an estimated price of approximately £338,494.
| 26 Nov 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.9 | 149.7 | 89.633 % | £178,500 | £159,994 | £338,494 |
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 | 81.410 % | £145,316 | £323,816 |
| 3 Month Average | 95.922 % | £171,220 | £349,720 |
| 6 Month Average | 90.361 % | £161,295 | £339,795 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Oct 2023 | £204,648 | £200,000 | 54 MALT HOUSE PLACE |
| 8 Feb 2023 | £281,883 | £280,000 | 55 MALT HOUSE PLACE |
| 9 May 2022 | £318,292 | £310,000 | 2 MALT HOUSE PLACE |
| 3 Feb 2022 | £1,690,332 | £1,600,000 | KIOSK 2 THE BREWERY HIGH STREET |
| 3 Feb 2022 | £169,332,222 | £160,283,075 | LOGAN COURT THE BREWERY |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 14 May 2020. Using an estimated price of £338,495 means this house is valued at £4,905 per sq meter (£455 per sq foot).
The average size of a house on HIGH STREET is 57 sq meters (618 sq feet).