£331,107
This estimated value is based upon the latest sale price for the house of £270,000 on 24 Oct 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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320 Romford Rd, Forest Gate, London, E7 8BD
Phone: 02080222695
| Price Paid | Date |
|---|---|
| £270,000 | 24 Oct 2019 |
| £125,000 | 7 Aug 2002 |
| £79,995 | 29 Jan 2001 |
| £52,950 | 31 Jul 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 2019 the House Price Index for GREATER LONDON was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £270,000 results in an estimated price of approximately £331,107.
| 24 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £270,000 | £61,107 | £331,107 |
The Postcode Pricing Model uses changes in average sales price within the E7 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 | -23.133 % | £-62,458 | £207,541 |
| 3 Month Average | 42.544 % | £114,867 | £384,867 |
| 6 Month Average | 34.311 % | £92,640 | £362,640 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jul 2023 | £2,838,199 | £2,800,000 | 1A UPTON LANE |
| 8 Mar 2023 | £312,948 | £310,000 | 19A GLENPARKE ROAD |
| 14 Jul 2022 | £275,742 | £275,000 | 20 POINT TERRACE |
| 21 May 2021 | £147,470 | £130,500 | FLAT 11 RALPH JACKSON HOUSE, 331 ROMFORD ROAD |
| 29 Jan 2021 | £342,396 | £300,000 | 39 DAVIDSON TERRACES |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 10 Feb 2020. Using an estimated price of £331,107 means this house is valued at £6,131 per sq meter (£569 per sq foot).
The average size of a house on ROMFORD ROAD is 78 sq meters (845 sq feet).