£388,976
This estimated value is based upon the latest sale price for the house of £225,000 on 17 Oct 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
| Price Paid | Date |
|---|---|
| £225,000 | 17 Oct 2011 |
| £169,000 | 24 Jun 2004 |
| £72,000 | 15 Sep 1998 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 2011 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.878%.Applying this 72.878% change to the original purchase price of £225,000 results in an estimated price of approximately £388,976.
| 17 Oct 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.878 % | £225,000 | £163,976 | £388,976 |
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 | 150.953 % | £339,645 | £564,645 |
| 3 Month Average | 86.799 % | £195,298 | £420,298 |
| 6 Month Average | 83.669 % | £188,255 | £413,255 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £464,060 | £460,000 | 30 NORFOLK ROAD |
| 17 Feb 2023 | £421,217 | £421,500 | 16 NORFOLK ROAD |
| 5 Jan 2023 | £477,750 | £480,000 | 89 SHERINGHAM AVENUE |
| 30 Aug 2022 | £408,899 | £410,000 | 26 KENSINGTON ROAD |
| 30 Jun 2022 | £466,594 | £460,000 | 107 SHERINGHAM AVENUE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 1 Jun 2016. Using an estimated price of £388,976 means this house is valued at £5,186 per sq meter (£481 per sq foot).
The average size of a house on KENSINGTON ROAD is 89 sq meters (963 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Kensington Road |
| Jan 2024 | Drugs | Under investigation | On or near Knighton Road |
| Jan 2024 | Anti-social behaviour | On or near Knighton Close | |
| Jan 2024 | Anti-social behaviour | On or near Knighton Close | |
| Jan 2024 | Anti-social behaviour | On or near Knighton Close |