£304,690
This estimated value is based upon the latest sale price for the house of £175,000 on 22 Dec 2009. 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 |
|---|---|
| £175,000 | 22 Dec 2009 |
| £205,000 | 9 Aug 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 December 2009 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.109%.Applying this 74.109% change to the original purchase price of £175,000 results in an estimated price of approximately £304,690.
| 22 Dec 2009 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.109 % | £175,000 | £129,690 | £304,690 |
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 | 149.286 % | £261,251 | £436,251 |
| 3 Month Average | 96.294 % | £168,515 | £343,515 |
| 6 Month Average | 99.031 % | £173,304 | £348,304 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £383,390 | £377,500 | 22 HAMILTON ROAD |
| 29 Sep 2023 | £516,383 | £505,000 | 13 ACADEMY FIELDS ROAD |
| 28 Apr 2023 | £382,148 | £375,000 | 2 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
| 20 Feb 2023 | £466,114 | £463,000 | 5 SCHOLARS WAY |
| 17 Feb 2023 | £587,424 | £583,500 | 59A HEATH PARK ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 17 Jun 2017. Using an estimated price of £304,691 means this house is valued at £4,616 per sq meter (£428 per sq foot).
The average size of a house on ACADEMY FIELDS ROAD is 92 sq meters (997 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Oxford Close |
| Sep 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oxford Close |
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Scholars Way |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Royle Close |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Royle Close |