£243,355
This estimated value is based upon the latest sale price for the house of £245,000 on 30 Aug 2022. 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 |
|---|---|
| £245,000 | 30 Aug 2022 |
| Flats/Maisonettes |
| 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 August 2022 the House Price Index for GREATER LONDON was 149.0.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of -0.671%.Applying this -0.671% change to the original purchase price of £245,000 results in an estimated price of approximately £243,355.
| 30 Aug 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.0 | -0.671 % | £245,000 | £-1,644 | £243,355 |
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 | -23.092 % | £-56,574 | £188,425 |
| 3 Month Average | -9.229 % | £-22,611 | £222,388 |
| 6 Month Average | -0.817 % | £-2,001 | £242,998 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £81,547 | £80,500 | FLAT 40 COLVERN HOUSE SPRING GARDENS |
| 21 Jun 2023 | £383,106 | £380,000 | 243 MARKS ROAD |
| 11 Jan 2023 | £297,388 | £300,000 | FLAT 47 COLVERN HOUSE SPRING GARDENS |
| 30 Aug 2022 | £243,356 | £245,000 | FLAT 37 COLVERN HOUSE SPRING GARDENS |
| 20 Aug 2022 | £226,470 | £228,000 | FLAT 2 AUTUMN COURT SPRING GARDENS |
| 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 |
| Mar 2024 | Anti-social behaviour | On or near Recreation Avenue | |
| Mar 2024 | Vehicle crime | Under investigation | On or near Recreation Avenue |
| Mar 2024 | Vehicle crime | Under investigation | On or near Recreation Avenue |