£2,074,608
This estimated value is based upon the latest sale price for the house of £1,690,000 on 24 Apr 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
| Price Paid | Date |
|---|---|
| £1,690,000 | 24 Apr 2020 |
| £1,100,000 | 9 Aug 2018 |
| Freehold |
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 April 2020 the House Price Index for GREATER LONDON was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.758%.Applying this 22.758% change to the original purchase price of £1,690,000 results in an estimated price of approximately £2,074,608.
| 24 Apr 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.758 % | £1,690,000 | £384,608 | £2,074,608 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | 25.437 % | £429,886 | £2,119,886 |
| 3 Month Average | 14.747 % | £249,231 | £1,939,231 |
| 6 Month Average | 11.267 % | £190,412 | £1,880,412 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £464,060 | £460,000 | 30 NORFOLK ROAD |
| 21 Jun 2023 | £270,780 | £267,500 | APARTMENT 22 RYAN COURT, 152 - 162 LONDON ROAD |
| 17 Feb 2023 | £421,217 | £421,500 | 16 NORFOLK ROAD |
| 27 Jan 2023 | £413,054 | £415,000 | 3 RICHARDS AVENUE |
| 7 Sep 2022 | £316,941 | £319,500 | 200 LONDON ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Richards Avenue |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue |