£375,962
This estimated value is based upon the latest sale price for the house of £210,000 on 17 Jan 2006. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
Price Paid | Date |
---|---|
£210,000 | 17 Jan 2006 |
£35,500 | 19 Oct 1995 |
Semi-Detached |
Freehold |
Floor Area: 36 sq meters or 387 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 2006 the House Price Index for GREATER LONDON was 83.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 79.030%.Applying this 79.030% change to the original purchase price of £210,000 results in an estimated price of approximately £375,962.
17 Jan 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
83.0 | 148.6 | 79.030 % | £210,000 | £165,962 | £375,962 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | 165.672 % | £347,910 | £557,910 |
3 Month Average | 107.431 % | £225,605 | £435,605 |
6 Month Average | 100.559 % | £211,173 | £421,173 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
5 Dec 2023 | £534,349 | £525,000 | 47 BROOKLANDS ROAD |
1 Jun 2022 | £253,584 | £250,000 | FLAT 3 SEDDON COURT, 67 BROOKLANDS ROAD |
29 Apr 2022 | £344,983 | £335,000 | 26 BROOKLANDS ROAD |
29 Sep 2021 | £603,452 | £560,000 | 22 MEDORA ROAD |
13 Sep 2021 | £719,293 | £667,500 | 17 MARSHALLS ROAD |
This house has a floor area of 36 sq meters or 387 sq feet when measured on 14 Jun 2019. Using an estimated price of £375,962 means this house is valued at £10,443 per sq meter (£970 per sq foot).
The average size of a house on MEDORA ROAD is 91 sq meters (987 sq feet).
This house is the smallest in the street with a floor area of 36 sq meters (387 sq feet).