£318,760
This estimated value is based upon the latest sale price for the house of £119,995 on 31 Oct 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Old Mill Parade, Victoria Road, Romford, RM1 2HU
Phone: 01708573434
| Price Paid | Date |
|---|---|
| £119,995 | 31 Oct 2002 |
| £47,000 | 15 Jan 1999 |
| £42,000 | 29 Nov 1996 |
| £32,000 | 27 Sep 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 67 sq meters or 721 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 October 2002 the House Price Index for GREATER LONDON was 56.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 165.645%.Applying this 165.645% change to the original purchase price of £119,995 results in an estimated price of approximately £318,760.
| 31 Oct 2002 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 56.4 | 149.7 | 165.645 % | £119,995 | £198,765 | £318,760 |
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 | 159.103 % | £190,915 | £310,910 |
| 3 Month Average | 180.118 % | £216,132 | £336,127 |
| 6 Month Average | 165.298 % | £198,349 | £318,344 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £234,224 | £230,000 | FLAT 82 TOLBUT COURT LENNOX CLOSE |
| 13 Jul 2022 | £454,555 | £450,000 | 257 SOUTH STREET |
| 29 Jun 2022 | £265,679 | £260,000 | FLAT 2 TOLBUT COURT LENNOX CLOSE |
| 16 Jun 2022 | £255,461 | £250,000 | FLAT 67 TOLBUT COURT LENNOX CLOSE |
| 1 Mar 2022 | £276,642 | £265,000 | FLAT 44 TOLBUT COURT LENNOX CLOSE |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 26 Apr 2016. Using an estimated price of £318,761 means this house is valued at £4,757 per sq meter (£441 per sq foot).
The average size of a house on LENNOX CLOSE is 71 sq meters (770 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Unable to prosecute suspect | On or near Lennox Close |
| Oct 2024 | Drugs | Under investigation | On or near Lennox Close |
| Sep 2024 | Anti-social behaviour | On or near Lennox Close | |
| Sep 2024 | Anti-social behaviour | On or near Lennox Close | |
| Sep 2024 | Anti-social behaviour | On or near Lennox Close |