£301,090
This estimated value is based upon the latest sale price for the house of £285,000 on 23 Feb 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £285,000 | 23 Feb 2022 |
| £213,000 | 18 Feb 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 February 2022 the House Price Index for GREATER LONDON was 141.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 5.646%.Applying this 5.646% change to the original purchase price of £285,000 results in an estimated price of approximately £301,090.
| 23 Feb 2022 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 149.7 | 5.646 % | £285,000 | £16,090 | £301,090 |
The Postcode Pricing Model uses changes in average sales price within the RM2 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 | 223.134 % | £635,932 | £920,932 |
| 3 Month Average | 29.320 % | £83,562 | £368,562 |
| 6 Month Average | 7.999 % | £22,796 | £307,796 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Jul 2024 | £425,000 | £425,000 | 76 HEATH PARK ROAD |
| 30 Oct 2023 | £593,479 | £580,000 | 6B WITHAM ROAD |
| 28 Sep 2023 | £304,717 | £298,000 | FLAT 7 HEATHLANDS WITHAM ROAD |
| 18 Aug 2023 | £560,102 | £550,000 | 2 WITHAM ROAD |
| 28 Apr 2023 | £568,636 | £558,000 | 93 HEATH PARK ROAD |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 26 Nov 2014. Using an estimated price of £301,090 means this house is valued at £5,680 per sq meter (£527 per sq foot).
The average size of a house on WITHAM ROAD is 83 sq meters (895 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Fairholme Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Fairholme Avenue | |
| Aug 2024 | Anti-social behaviour | On or near Fairholme Avenue | |
| Sep 2024 | Other theft | Under investigation | On or near Margaret Road |
| Sep 2024 | Vehicle crime | Under investigation | On or near Margaret Road |