£269,427
This estimated value is based upon the latest sale price for the house of £215,000 on 7 Jun 2018. 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 |
|---|---|
| £215,000 | 7 Jun 2018 |
| £134,000 | 5 Mar 2010 |
| £175,000 | 25 Apr 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 31 sq meters or 333 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 2018 the House Price Index for GREATER LONDON was 119.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 25.315%.Applying this 25.315% change to the original purchase price of £215,000 results in an estimated price of approximately £269,427.
| 7 Jun 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.5 | 149.7 | 25.315 % | £215,000 | £54,427 | £269,427 |
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 | 30.937 % | £66,514 | £281,514 |
| 3 Month Average | 13.154 % | £28,280 | £243,280 |
| 6 Month Average | 18.895 % | £40,624 | £255,624 |
| 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 |
| 23 Oct 2023 | £521,852 | £510,000 | 44 HAMILTON ROAD |
| 28 Sep 2023 | £304,717 | £298,000 | FLAT 7 HEATHLANDS WITHAM ROAD |
| 18 Aug 2023 | £560,102 | £550,000 | 2 WITHAM ROAD |
This house has a floor area of 31 sq meters or 333 sq feet when measured on 24 Jul 2019. Using an estimated price of £269,427 means this house is valued at £8,691 per sq meter (£807 per sq foot).
The average size of a house on HEATH PARK ROAD is 109 sq meters (1,176 sq feet).
This house is the smallest in the street with a floor area of 31 sq meters (333 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Sep 2024 | Other theft | Under investigation | On or near Margaret Road |
| Sep 2024 | Other crime | Investigation complete; no suspect identified | On or near Margaret Road |
| Sep 2024 | Vehicle crime | Under investigation | On or near Margaret Road |
| Aug 2024 | Anti-social behaviour | On or near Margaret Road | |
| Aug 2024 | Anti-social behaviour | On or near Margaret Road |