£529,300
This estimated value is based upon the latest sale price for the house of £535,000 on 24 Oct 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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27 Gobions Avenue, Romford, RM5 3SS
Phone: 01708954923
Price Paid | Date |
---|---|
£535,000 | 24 Oct 2022 |
£325,000 | 20 Jun 2014 |
Detached |
Freehold |
Floor Area: 93 sq meters or 1,003 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 October 2022 the House Price Index for GREATER LONDON was 150.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.065%.Applying this -1.065% change to the original purchase price of £535,000 results in an estimated price of approximately £529,300.
24 Oct 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
150.2 | 148.6 | -1.065 % | £535,000 | £-5,699 | £529,300 |
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 | -68.082 % | £-364,238 | £170,761 |
3 Month Average | -13.835 % | £-74,019 | £460,980 |
6 Month Average | -2.289 % | £-12,244 | £522,755 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
14 Nov 2023 | £466,913 | £460,000 | 335 PETTITS LANE NORTH |
1 Nov 2023 | £456,762 | £450,000 | 274 HAVERING ROAD |
25 Aug 2023 | £453,971 | £450,000 | 257 HAVERING ROAD |
1 Aug 2023 | £509,457 | £505,000 | 8 WALLACE WAY |
24 Oct 2022 | £529,301 | £535,000 | 2 WOOD VIEW MEWS |
This house has a floor area of 93 sq meters or 1,003 sq feet when measured on 24 Jul 2011. Using an estimated price of £529,301 means this house is valued at £5,679 per sq meter (£527 per sq foot).
The average size of a house on WOOD VIEW MEWS is 124 sq meters (1,344 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wood View Mews |
Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Wood View Mews |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wood View Mews |
Dec 2023 | Vehicle crime | Under investigation | On or near Wood View Mews |
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Wallace Way |