£517,057
This estimated value is based upon the latest sale price for the house of £300,000 on 17 Nov 2011. 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 |
|---|---|
| £300,000 | 17 Nov 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 92 sq meters or 990 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 November 2011 the House Price Index for GREATER LONDON was 86.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.352%.Applying this 72.352% change to the original purchase price of £300,000 results in an estimated price of approximately £517,057.
| 17 Nov 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.2 | 148.6 | 72.352 % | £300,000 | £217,057 | £517,057 |
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 | 63.297 % | £189,891 | £489,891 |
| 3 Month Average | 67.426 % | £202,276 | £502,276 |
| 6 Month Average | 66.399 % | £199,197 | £499,197 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Nov 2023 | £280,148 | £276,000 | 58 STATION ROAD |
| 14 Apr 2023 | £783,435 | £775,000 | SQUIRRELS HEATH HORTICULTURAL SOCIETY STATION ROAD |
| 3 Dec 2021 | £267,844 | £250,000 | 8A STATION ROAD |
| 19 Nov 2021 | £344,462 | £318,500 | 12 STATION ROAD |
| 29 Sep 2021 | £328,666 | £305,000 | 18 STATION ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 5 Mar 2020. Using an estimated price of £517,057 means this house is valued at £5,620 per sq meter (£522 per sq foot).
The average size of a house on EYRE CLOSE is 125 sq meters (1,345 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Eyre Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Eyre Close |
| Jan 2024 | Shoplifting | Investigation complete; no suspect identified | On or near Station Road |
| Jan 2024 | Anti-social behaviour | On or near Station Road | |
| Jan 2024 | Anti-social behaviour | On or near Station Road |