£165,975
This estimated value is based upon the latest sale price for the house of £49,000 on 30 Jul 2001. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Queens Court, 9-17 Eastern Road, Romford, RM1 3NH
Phone: 02036414519
| Price Paid | Date |
|---|---|
| £49,000 | 30 Jul 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 76 sq meters or 818 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 July 2001 the House Price Index for GREATER LONDON was 44.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 238.726%.Applying this 238.726% change to the original purchase price of £49,000 results in an estimated price of approximately £165,975.
| 30 Jul 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 149.7 | 238.726 % | £49,000 | £116,975 | £165,975 |
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 | 209.330 % | £102,571 | £151,571 |
| 3 Month Average | 253.239 % | £124,087 | £173,087 |
| 6 Month Average | 225.293 % | £110,393 | £159,393 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2022 | £333,441 | £335,000 | FLAT 2 ALICE COURT HANNOVER PLACE |
| 1 Sep 2022 | £289,806 | £290,000 | 9 MERCURY COURT VICTORIA ROAD |
| 2 Feb 2022 | £227,138 | £215,000 | 3 TUDOR MEWS |
| 9 Dec 2021 | £357,251 | £331,000 | 2 ALBERT ROAD |
| 29 Sep 2021 | £290,933 | £268,000 | 7 TUDOR MEWS |
This house has a floor area of 76 sq meters or 818 sq feet when measured on 13 Aug 2016. Using an estimated price of £165,976 means this house is valued at £2,183 per sq meter (£202 per sq foot).
The average size of a house on VICTORIA ROAD is 69 sq meters (749 sq feet).