£424,284
This estimated value is based upon the latest sale price for the house of £337,500 on 14 Dec 2017. 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 |
|---|---|
| £337,500 | 14 Dec 2017 |
| £98,000 | 3 Apr 2000 |
| Semi-Detached |
| Freehold |
| Floor Area: 49 sq meters or 527 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 December 2017 the House Price Index for GREATER LONDON was 118.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.714%.Applying this 25.714% change to the original purchase price of £337,500 results in an estimated price of approximately £424,284.
| 14 Dec 2017 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.2 | 148.6 | 25.714 % | £337,500 | £86,784 | £424,284 |
The Postcode Pricing Model uses changes in average sales price within the RM5 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 | -33.670 % | £-113,636 | £223,863 |
| 3 Month Average | -0.916 % | £-3,091 | £334,408 |
| 6 Month Average | 13.289 % | £44,851 | £382,351 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £288,268 | £284,000 | 268 COLLIER ROW LANE |
| 1 Sep 2023 | £281,094 | £277,500 | 18A ERITH CRESCENT |
| 6 Apr 2023 | £540,823 | £535,000 | 2A PLAYFIELD AVENUE |
| 28 Nov 2022 | £271,709 | £275,000 | 7A ERITH CRESCENT |
| 27 Sep 2022 | £396,796 | £400,000 | 7 HILLFOOT AVENUE |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 5 May 2016. Using an estimated price of £424,285 means this house is valued at £8,658 per sq meter (£804 per sq foot).
The average size of a house on PLAYFIELD AVENUE is 73 sq meters (790 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Public order | Under investigation | On or near Hillfoot Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Erith Crescent |
| Dec 2023 | Anti-social behaviour | On or near Erith Crescent | |
| Dec 2023 | Anti-social behaviour | On or near Erith Crescent | |
| Dec 2023 | Anti-social behaviour | On or near Erith Crescent |