£215,693
This estimated value is based upon the latest sale price for the house of £212,500 on 6 Nov 2023. 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 |
|---|---|
| £212,500 | 6 Nov 2023 |
| £42,000 | 5 Nov 1999 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 516 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 2023 the House Price Index for GREATER LONDON was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £212,500 results in an estimated price of approximately £215,693.
| 6 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £212,500 | £3,193 | £215,693 |
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 | 3.780 % | £8,033 | £220,533 |
| 3 Month Average | 14.789 % | £31,425 | £243,925 |
| 6 Month Average | -1.107 % | £-2,351 | £210,148 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £215,693 | £212,500 | FLAT 74 THE ROTUNDA YEW TREE GARDENS |
| 26 Sep 2023 | £207,655 | £205,000 | 42B LINDEN STREET |
| 17 Feb 2023 | £249,832 | £250,000 | FLAT 1 VICTORIAN COURT, 30 MAWNEY ROAD |
| 20 Jun 2022 | £436,164 | £430,000 | 4 PETTLEY GARDENS |
| 14 Apr 2022 | £226,556 | £220,000 | FLAT 49 THE ROTUNDA YEW TREE GARDENS |
This house has a floor area of 48 sq meters or 516 sq feet when measured on 24 Feb 2020. Using an estimated price of £215,693 means this house is valued at £4,493 per sq meter (£417 per sq foot).
The average size of a house on YEW TREE GARDENS is 53 sq meters (576 sq feet).