£463,258
This estimated value is based upon the latest sale price for the house of £375,000 on 16 Jan 2019. 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 | 16 Jan 2019 |
Flats/Maisonettes |
Leasehold |
Floor Area: 61 sq meters or 656 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 January 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £375,000 results in an estimated price of approximately £463,258.
16 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.536 % | £375,000 | £88,258 | £463,258 |
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 | -25.383 % | £-95,186 | £279,813 |
3 Month Average | 3.887 % | £14,577 | £389,577 |
6 Month Average | 9.004 % | £33,764 | £408,764 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
13 Feb 2023 | £564,620 | £565,000 | 142 HEATH PARK ROAD |
1 Jun 2022 | £407,762 | £402,000 | 158 HEATH PARK ROAD |
20 May 2022 | £764,403 | £750,000 | 425 BRENTWOOD ROAD |
4 Mar 2022 | £601,032 | £580,000 | 12 PINECROFT |
28 Feb 2022 | £692,138 | £660,000 | 133 HEATH PARK ROAD |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 8 Jun 2017. Using an estimated price of £463,258 means this house is valued at £7,594 per sq meter (£705 per sq foot).
The average size of a house on BALGORES LANE is 112 sq meters (1,209 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Balgores Lane | |
Jan 2024 | Anti-social behaviour | On or near Balgores Lane | |
Jan 2024 | Anti-social behaviour | On or near Balgores Lane | |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Brentwood Road |