£421,984
This estimated value is based upon the latest sale price for the house of £243,000 on 9 Jun 2006. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Fairoak Gardens
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £243,000 | 9 Jun 2006 |
| £110,000 | 30 Apr 1999 |
| Semi-Detached |
| Freehold |
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 June 2006 the House Price Index for GREATER LONDON was 85.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.656%.Applying this 73.656% change to the original purchase price of £243,000 results in an estimated price of approximately £421,984.
| 9 Jun 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 85.6 | 148.6 | 73.656 % | £243,000 | £178,984 | £421,984 |
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 | -40.522 % | £-98,468 | £144,531 |
| 3 Month Average | 84.459 % | £205,235 | £448,235 |
| 6 Month Average | 95.601 % | £232,310 | £475,310 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £415,027 | £410,000 | 4 FAIROAK GARDENS |
| 28 Apr 2023 | £303,265 | £300,000 | 69 EASTERN AVENUE EAST |
| 30 Mar 2023 | £272,568 | £270,000 | 38 ASHMOUR GARDENS |
| 20 Jan 2023 | £547,421 | £550,000 | 16 HEATHER GLEN |
| 29 Jul 2022 | £561,512 | £560,000 | 35 HEATHER GLEN |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Fairoak Gardens |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Fairoak Gardens |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Heather Glen |
| Dec 2023 | Public order | Under investigation | On or near Ashmour Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Priests Avenue |