£218,727
This estimated value is based upon the latest sale price for the house of £120,000 on 31 Jul 2009. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Collier Row Road, Romford, RM5 3NP
Phone: 01708573005
| Price Paid | Date |
|---|---|
| £120,000 | 31 Jul 2009 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 2009 the House Price Index for GREATER LONDON was 81.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.273%.Applying this 82.273% change to the original purchase price of £120,000 results in an estimated price of approximately £218,727.
| 31 Jul 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.5 | 148.6 | 82.273 % | £120,000 | £98,727 | £218,727 |
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 | 169.235 % | £203,082 | £323,082 |
| 3 Month Average | 109.294 % | £131,153 | £251,153 |
| 6 Month Average | 105.776 % | £126,931 | £246,931 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Nov 2023 | £413,116 | £407,000 | 43 BIRCH CLOSE |
| 12 Jul 2023 | £481,480 | £475,000 | 63 FOREST ROAD |
| 10 Jul 2023 | £638,595 | £630,000 | 15 FOREST ROAD |
| 18 Apr 2023 | £382,114 | £378,000 | 47 BIRCH ROAD |
| 31 Mar 2023 | £464,375 | £460,000 | 73 BIRCH CLOSE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 9 Dec 2019. Using an estimated price of £218,727 means this house is valued at £3,771 per sq meter (£350 per sq foot).
The average size of a house on FOREST ROAD is 103 sq meters (1,111 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Forest Road | |
| Dec 2023 | Anti-social behaviour | On or near Forest Road | |
| Dec 2023 | Anti-social behaviour | On or near Forest Road | |
| Dec 2023 | Anti-social behaviour | On or near Forest Road | |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Silver Way |