£441,392
This estimated value is based upon the latest sale price for the house of £265,000 on 27 Jun 2013. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Faith Close
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £265,000 | 27 Jun 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 69 sq meters or 742 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 June 2013 the House Price Index for GREATER LONDON was 89.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 66.563%.Applying this 66.563% change to the original purchase price of £265,000 results in an estimated price of approximately £441,392.
| 27 Jun 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 89.2 | 148.6 | 66.563 % | £265,000 | £176,392 | £441,392 |
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 | 31.289 % | £82,916 | £347,916 |
| 3 Month Average | 52.859 % | £140,077 | £405,077 |
| 6 Month Average | 66.246 % | £175,552 | £440,552 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £544,935 | £535,400 | 318 BRENTWOOD ROAD |
| 22 Sep 2023 | £506,476 | £500,000 | 22 SALISBURY ROAD |
| 23 Jun 2023 | £435,273 | £430,000 | 375 BRENTWOOD ROAD |
| 12 Apr 2023 | £495,333 | £490,000 | 381 BRENTWOOD ROAD |
| 13 Feb 2023 | £564,620 | £565,000 | 142 HEATH PARK ROAD |
This house has a floor area of 69 sq meters or 742 sq feet when measured on 27 Sep 2012. Using an estimated price of £441,393 means this house is valued at £6,397 per sq meter (£594 per sq foot).
The average size of a house on FAITH CLOSE is 91 sq meters (984 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Faith Close |
| Jan 2024 | Robbery | Investigation complete; no suspect identified | On or near Faith Close |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Faith Close |
| Dec 2023 | Shoplifting | Investigation complete; no suspect identified | On or near Faith Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Supermarket |