£324,617
This estimated value is based upon the latest sale price for the house of £239,950 on 20 May 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
5 Old Mill Parade, Victoria Road, Romford, RM1 2HU
Phone: 01708573434
| Price Paid | Date |
|---|---|
| £239,950 | 20 May 2016 |
| 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 May 2016 the House Price Index for GREATER LONDON was 110.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 35.286%.Applying this 35.286% change to the original purchase price of £239,950 results in an estimated price of approximately £324,617.
| 20 May 2016 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 149.7 | 35.286 % | £239,950 | £84,667 | £324,617 |
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 | 55.337 % | £132,781 | £372,731 |
| 3 Month Average | 42.280 % | £101,449 | £341,399 |
| 6 Month Average | 39.318 % | £94,343 | £334,293 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £41,042 | £40,000 | UNIT 1-2 14 VICTORIA ROAD |
| 23 Jun 2023 | £180,620 | £177,000 | FLAT 12A VICTORIA HOUSE VICTORIA ROAD |
| 13 Jun 2023 | £1,275,562 | £1,250,000 | 44 VICTORIA ROAD |
| 28 Feb 2023 | £206,379 | £205,000 | FLAT 19 PORTMAN HOUSE, 16 - 20 VICTORIA ROAD |
| 24 Jun 2022 | £194,150 | £190,000 | 6 ALEXANDRA PLACE ALEXANDRA ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Alexandra Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Alexandra Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Alexandra Road |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Alexandra Road |
| Aug 2024 | Vehicle crime | Unable to prosecute suspect | On or near Alexandra Road |