£107,366
This estimated value is based upon the latest sale price for the house of £105,000 on 5 Sep 2023. 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 |
|---|---|
| £105,000 | 5 Sep 2023 |
| £91,000 | 16 Dec 2016 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 September 2023 the House Price Index for GREATER LONDON was 146.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.254%.Applying this 2.254% change to the original purchase price of £105,000 results in an estimated price of approximately £107,366.
| 5 Sep 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 149.7 | 2.254 % | £105,000 | £2,366 | £107,366 |
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 | -17.568 % | £-18,446 | £86,553 |
| 3 Month Average | 2.940 % | £3,087 | £108,087 |
| 6 Month Average | 14.283 % | £14,996 | £119,996 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Dec 2023 | £515,851 | £500,000 | 143 NORTH STREET |
| 5 Sep 2023 | £107,367 | £105,000 | FLAT 8 BRANT COURT RIVERSIDE CLOSE |
| 24 Feb 2023 | £98,659 | £98,000 | FLAT 18 BRANT COURT RIVERSIDE CLOSE |
| 15 Feb 2023 | £237,587 | £236,000 | 27 ROMSIDE PLACE |
| 28 Oct 2022 | £291,128 | £292,100 | FLAT 17 CALDER COURT RIVERSIDE CLOSE |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 9 May 2016. Using an estimated price of £107,367 means this house is valued at £1,917 per sq meter (£178 per sq foot).
The average size of a house on RIVERSIDE CLOSE is 61 sq meters (662 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Riverside Close |
| Jul 2024 | Anti-social behaviour | On or near Riverside Close | |
| Jul 2024 | Anti-social behaviour | On or near Riverside Close | |
| Jul 2024 | Anti-social behaviour | On or near Riverside Close | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Romside Place |