£390,365
This estimated value is based upon the latest sale price for the house of £315,000 on 13 Jul 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £315,000 | 13 Jul 2018 |
| Terraced |
| Freehold |
| Floor Area: 80 sq meters or 861 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 2018 the House Price Index for GREATER LONDON was 119.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.926%.Applying this 23.926% change to the original purchase price of £315,000 results in an estimated price of approximately £390,365.
| 13 Jul 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 119.9 | 148.6 | 23.926 % | £315,000 | £75,365 | £390,365 |
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 | -39.353 % | £-123,963 | £191,036 |
| 3 Month Average | 65.106 % | £205,083 | £520,083 |
| 6 Month Average | 26.893 % | £84,714 | £399,714 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £186,765 | £184,000 | 71 HEATHER AVENUE |
| 4 Sep 2023 | £423,414 | £418,000 | 53 HEATHER AVENUE |
| 1 Sep 2023 | £426,453 | £421,000 | 252 HAVERING ROAD |
| 31 Jan 2023 | £625,553 | £628,500 | 59 MASHITERS HILL |
| 30 Jun 2022 | £466,594 | £460,000 | 193 HAVERING ROAD |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 24 Aug 2017. Using an estimated price of £390,365 means this house is valued at £4,879 per sq meter (£453 per sq foot).
The average size of a house on HAVERING ROAD is 95 sq meters (1,031 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Awaiting court outcome | On or near Heather Way |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Heather Way |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Heather Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Mashiters Hill |