£465,114
This estimated value is based upon the latest sale price for the house of £280,000 on 18 Jul 2013. 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 |
|---|---|
| £280,000 | 18 Jul 2013 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 105 sq meters or 1,130 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 2013 the House Price Index for GREATER LONDON was 89.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.112%.Applying this 66.112% change to the original purchase price of £280,000 results in an estimated price of approximately £465,114.
| 18 Jul 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.5 | 148.6 | 66.112 % | £280,000 | £185,114 | £465,114 |
The Postcode Pricing Model uses changes in average sales price within the RM11 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 | 155.428 % | £435,198 | £715,198 |
| 3 Month Average | 63.216 % | £177,003 | £457,003 |
| 6 Month Average | 43.353 % | £121,387 | £401,387 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 16 Nov 2023 | £629,317 | £620,000 | 67 SLEWINS LANE |
| 24 Jan 2023 | £527,515 | £530,000 | 27 SLEWINS LANE |
| 20 Jul 2022 | £902,429 | £900,000 | 79 WESTMORELAND AVENUE |
| 8 Mar 2022 | £963,724 | £930,000 | 19 SLEWINS LANE |
| 4 Mar 2022 | £601,032 | £580,000 | 12 PINECROFT |
This house has a floor area of 105 sq meters or 1,130 sq feet when measured on 23 Jan 2013. Using an estimated price of £465,114 means this house is valued at £4,429 per sq meter (£411 per sq foot).
The average size of a house on MANOR AVENUE is 97 sq meters (1,044 sq feet).