£254,003
This estimated value is based upon the latest sale price for the house of £235,000 on 8 Jun 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 |
|---|---|
| £235,000 | 8 Jun 2021 |
| £147,500 | 22 Mar 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 44 sq meters or 481 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 June 2021 the House Price Index for GREATER LONDON was 138.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.087%.Applying this 8.087% change to the original purchase price of £235,000 results in an estimated price of approximately £254,003.
| 8 Jun 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 149.7 | 8.087 % | £235,000 | £19,003 | £254,003 |
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 | -18.880 % | £-44,368 | £190,631 |
| 3 Month Average | -0.238 % | £-559 | £234,440 |
| 6 Month Average | -2.623 % | £-6,164 | £228,835 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £82,597 | £80,500 | FLAT 40 COLVERN HOUSE SPRING GARDENS |
| 11 Jan 2023 | £300,804 | £300,000 | FLAT 47 COLVERN HOUSE SPRING GARDENS |
| 9 Sep 2022 | £387,741 | £388,000 | 198 LONDON ROAD |
| 7 Sep 2022 | £319,287 | £319,500 | 200 LONDON ROAD |
| 30 Aug 2022 | £246,151 | £245,000 | FLAT 37 COLVERN HOUSE SPRING GARDENS |
This house has a floor area of 44 sq meters or 481 sq feet when measured on 26 Jan 2012. Using an estimated price of £254,004 means this house is valued at £5,678 per sq meter (£527 per sq foot).
The average size of a house on SPRING GARDENS is 61 sq meters (663 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Drugs | Under investigation | On or near Recreation Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Recreation Avenue |
| Apr 2024 | Drugs | Under investigation | On or near Esher Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Esher Avenue |