£324,132
This estimated value is based upon the latest sale price for the house of £297,500 on 10 Nov 2021. 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 |
|---|---|
| £297,500 | 10 Nov 2021 |
| £190,000 | 15 Mar 2013 |
| £177,000 | 8 Jan 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 November 2021 the House Price Index for GREATER LONDON was 137.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 8.952%.Applying this 8.952% change to the original purchase price of £297,500 results in an estimated price of approximately £324,132.
| 10 Nov 2021 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 149.7 | 8.952 % | £297,500 | £26,632 | £324,132 |
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 | 70.163 % | £208,735 | £506,235 |
| 3 Month Average | 16.262 % | £48,378 | £345,878 |
| 6 Month Average | 5.606 % | £16,676 | £314,176 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Oct 2023 | £255,810 | £250,000 | 11 SQUIRRELS COURT SQUIRRELS HEATH LANE |
| 25 Apr 2023 | £323,552 | £317,500 | 35 STATION ROAD |
| 23 Sep 2022 | £484,676 | £485,000 | 477 UPPER BRENTWOOD ROAD |
| 9 Sep 2022 | £274,816 | £275,000 | 7A SQUIRRELS HEATH LANE |
| 22 Jun 2022 | £383,191 | £375,000 | FLAT 2 2D SQUIRRELS HEATH LANE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 21 Jul 2012. Using an estimated price of £324,132 means this house is valued at £5,064 per sq meter (£470 per sq foot).
The average size of a house on SQUIRRELS HEATH LANE is 66 sq meters (717 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Aug 2024 | Anti-social behaviour | On or near Barnfield Walk | |
| Aug 2024 | Anti-social behaviour | On or near Barnfield Walk | |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Barnfield Walk |
| Aug 2024 | Anti-social behaviour | On or near Barnfield Walk | |
| Aug 2024 | Public order | Investigation complete; no suspect identified | On or near Barnfield Walk |