£225,799
This estimated value is based upon the latest sale price for the house of £42,000 on 3 Jan 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5-6 Station Chambers, Victoria Road, Romford, RM1 2HS
Phone: 01708629412
| Price Paid | Date |
|---|---|
| £42,000 | 3 Jan 1997 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 27 sq meters or 290 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 1997 the House Price Index for GREATER LONDON was 27.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 437.617%.Applying this 437.617% change to the original purchase price of £42,000 results in an estimated price of approximately £225,799.
| 3 Jan 1997 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 27.8 | 149.7 | 437.617 % | £42,000 | £183,799 | £225,799 |
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 | 351.045 % | £147,438 | £189,438 |
| 3 Month Average | 413.929 % | £173,850 | £215,850 |
| 6 Month Average | 367.268 % | £154,252 | £196,252 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Apr 2024 | £226,971 | £225,000 | FLAT 8 WESTERN COURT CHANDLERS WAY |
| 28 Apr 2023 | £510 | £500 | 5 WESTERN ROAD |
| 8 Jun 2022 | £321,881 | £315,000 | FLAT 30 HALYARDS COURT, 12 WESTERN ROAD |
| 1 Dec 2021 | £234,210 | £217,000 | FLAT 3 WESTERN COURT CHANDLERS WAY |
| 16 Nov 2020 | £934,348 | £800,000 | 8 HOLGATE COURT |
This house has a floor area of 27 sq meters or 290 sq feet when measured on 4 Sep 2013. Using an estimated price of £225,799 means this house is valued at £8,362 per sq meter (£776 per sq foot).
The average size of a house on CHANDLERS WAY is 52 sq meters (567 sq feet).
This house is the smallest in the street with a floor area of 27 sq meters (290 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Chandlers Way |
| Oct 2024 | Public order | Investigation complete; no suspect identified | On or near Chandlers Way |
| Oct 2024 | Other theft | Investigation complete; no suspect identified | On or near Chandlers Way |
| Oct 2024 | Drugs | Under investigation | On or near Chandlers Way |
| Oct 2024 | Drugs | Under investigation | On or near Chandlers Way |