£305,423
This estimated value is based upon the latest sale price for the house of £275,500 on 29 Mar 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
Price Paid | Date |
---|---|
£275,500 | 29 Mar 2021 |
£275,500 | 29 Mar 2021 |
£178,000 | 21 Mar 2012 |
Flats/Maisonettes |
Leasehold |
Floor Area: 65 sq meters or 703 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 March 2021 the House Price Index for GREATER LONDON was 133.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 10.861%.Applying this 10.861% change to the original purchase price of £275,500 results in an estimated price of approximately £305,423.
29 Mar 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
133.5 | 148.0 | 10.861 % | £275,500 | £29,923 | £305,423 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | -13.850 % | £-38,155 | £237,344 |
3 Month Average | -2.926 % | £-8,061 | £267,438 |
6 Month Average | 7.745 % | £21,336 | £296,836 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Nov 2023 | £81,547 | £80,500 | FLAT 40 COLVERN HOUSE SPRING GARDENS |
11 Jan 2023 | £297,388 | £300,000 | FLAT 47 COLVERN HOUSE SPRING GARDENS |
9 Sep 2022 | £383,338 | £388,000 | 198 LONDON ROAD |
7 Sep 2022 | £315,661 | £319,500 | 200 LONDON ROAD |
30 Aug 2022 | £243,356 | £245,000 | FLAT 37 COLVERN HOUSE SPRING GARDENS |
This house has a floor area of 65 sq meters or 703 sq feet when measured on 26 Jan 2012. Using an estimated price of £305,423 means this house is valued at £4,675 per sq meter (£434 per sq foot).
The average size of a house on SPRING GARDENS is 61 sq meters (663 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Other theft | Under investigation | On or near Spring Gardens |
Mar 2024 | Violence and sexual offences | Under investigation | On or near Spring Gardens |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Spring Gardens |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spring Gardens |
Apr 2024 | Drugs | Under investigation | On or near Recreation Avenue |