£294,000
This estimated value is based upon the latest sale price for the house of £294,000 on 10 May 2024. 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 |
|---|---|
| £294,000 | 10 May 2024 |
| £276,000 | 20 Sep 2019 |
| £276,000 | 8 Jul 2016 |
| £195,000 | 14 Apr 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 May 2024 the House Price Index for GREATER LONDON was 149.7.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 0.000%.Applying this 0.000% change to the original purchase price of £294,000 results in an estimated price of approximately £294,000.
| 10 May 2024 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.7 | 149.7 | 0.000 % | £294,000 | £0 | £294,000 |
The Postcode Pricing Model uses changes in average sales price within the RM11 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 | -20.765 % | £-61,049 | £232,950 |
| 3 Month Average | -12.172 % | £-35,785 | £258,214 |
| 6 Month Average | 4.485 % | £13,186 | £307,186 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 May 2024 | £294,000 | £294,000 | FLAT 4 RAVENSBOURNE PLACE, 13 MELLISH WAY |
| 19 Dec 2023 | £539,064 | £522,500 | 21 NORTHUMBERLAND AVENUE |
| 14 Dec 2023 | £825,362 | £800,000 | 6 NORTHUMBERLAND AVENUE |
| 8 Sep 2023 | £618,637 | £605,000 | 45 NORTHUMBERLAND AVENUE |
| 9 Jan 2023 | £280,750 | £280,000 | FLAT 16 RAVENSBOURNE PLACE, 13 MELLISH WAY |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 16 Mar 2016. Using an estimated price of £294,000 means this house is valued at £4,666 per sq meter (£433 per sq foot).
The average size of a house on MELLISH WAY is 67 sq meters (729 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Slewins Close |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Slewins Close |