£779,122
This estimated value is based upon the latest sale price for the house of £645,000 on 21 Aug 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £645,000 | 21 Aug 2020 |
| £650,000 | 24 Feb 2017 |
| £305,000 | 31 May 2002 |
| Detached |
| 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 August 2020 the House Price Index for GREATER LONDON was 123.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 20.794%.Applying this 20.794% change to the original purchase price of £645,000 results in an estimated price of approximately £779,122.
| 21 Aug 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 123.9 | 149.7 | 20.794 % | £645,000 | £134,122 | £779,122 |
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 | -6.617 % | £-42,681 | £602,318 |
| 3 Month Average | 34.421 % | £222,016 | £867,016 |
| 6 Month Average | 6.344 % | £40,921 | £685,921 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £15,391 | £15,000 | HOGBAR FARM LOWER BEDFORDS ROAD |
| 27 Feb 2023 | £568,800 | £565,000 | 9 SEAFORTH CLOSE |
| 8 Feb 2023 | £679,539 | £675,000 | 24 HELMSDALE CLOSE |
| 9 Sep 2022 | £899,399 | £900,000 | BELLVUE LOWER BEDFORDS ROAD |
| 5 Aug 2022 | £552,584 | £550,000 | 124 BEAULY WAY |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Risebridge Chase |
| Jul 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Risebridge Chase |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Nevis Close |
| Aug 2024 | Other theft | Investigation complete; no suspect identified | On or near Nevis Close |
| Sep 2024 | Anti-social behaviour | On or near Isbell Gardens |