£468,160
This estimated value is based upon the latest sale price for the house of £375,000 on 18 Jul 2018. 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 |
|---|---|
| £375,000 | 18 Jul 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 70 sq meters or 753 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 July 2018 the House Price Index for GREATER LONDON was 119.9.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.843%.Applying this 24.843% change to the original purchase price of £375,000 results in an estimated price of approximately £468,160.
| 18 Jul 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 149.7 | 24.843 % | £375,000 | £93,160 | £468,160 |
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 | 35.391 % | £132,715 | £507,715 |
| 3 Month Average | 11.947 % | £44,800 | £419,800 |
| 6 Month Average | 27.849 % | £104,433 | £479,433 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Mar 2024 | £613,425 | £604,000 | 435 BRENTWOOD ROAD |
| 29 Sep 2023 | £230,072 | £225,000 | 119A HEATH PARK ROAD |
| 1 Jun 2023 | £438,793 | £430,000 | FLAT 5 CERES COURT, 412 BRENTWOOD ROAD |
| 15 Feb 2023 | £397,656 | £395,000 | FLAT 7 CERES COURT, 412 BRENTWOOD ROAD |
| 13 Feb 2023 | £568,800 | £565,000 | 142 HEATH PARK ROAD |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 8 Jun 2017. Using an estimated price of £468,161 means this house is valued at £6,688 per sq meter (£621 per sq foot).
The average size of a house on BALGORES LANE is 112 sq meters (1,209 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Criminal damage and arson | Under investigation | On or near Balgores Lane |
| Oct 2024 | Robbery | Investigation complete; no suspect identified | On or near Balgores Lane |
| Sep 2024 | Anti-social behaviour | On or near Balgores Lane | |
| Sep 2024 | Violence and sexual offences | Under investigation | On or near Balgores Lane |
| Sep 2024 | Anti-social behaviour | On or near Balgores Lane |