£452,942
This estimated value is based upon the latest sale price for the house of £150,000 on 20 Mar 2002. 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 |
---|---|
£150,000 | 20 Mar 2002 |
Semi-Detached |
Freehold |
Floor Area: 133 sq meters or 1,431 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 March 2002 the House Price Index for GREATER LONDON was 49.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 201.961%.Applying this 201.961% change to the original purchase price of £150,000 results in an estimated price of approximately £452,942.
20 Mar 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
49.2 | 148.6 | 201.961 % | £150,000 | £302,942 | £452,942 |
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 | 199.787 % | £299,680 | £449,680 |
3 Month Average | 179.095 % | £268,643 | £418,643 |
6 Month Average | 170.131 % | £255,196 | £405,196 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Mar 2024 | £377,500 | £377,500 | 22 HAMILTON ROAD |
28 Apr 2023 | £564,073 | £558,000 | 93 HEATH PARK ROAD |
26 Apr 2023 | £303,265 | £300,000 | 78B HEATH PARK ROAD |
24 Apr 2023 | £303,265 | £300,000 | FLAT 1 HOMELEIGH APARTMENTS, 85 HEATH PARK ROAD |
24 Jun 2022 | £263,727 | £260,000 | 8 HAMILTON ROAD |
This house has a floor area of 133 sq meters or 1,431 sq feet when measured on 18 Jun 2019. Using an estimated price of £452,942 means this house is valued at £3,405 per sq meter (£316 per sq foot).
The average size of a house on CATHERINE ROAD is 103 sq meters (1,117 sq feet).
This house is the largest in the street with a floor area of 133 sq meters (1,431 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lawrence Road |
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Hastings Road |