£330,406
This estimated value is based upon the latest sale price for the house of £194,000 on 31 Aug 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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55 Laurel Crescent, Romford, RM7 0RU
Phone: 01708573981
| Price Paid | Date |
|---|---|
| £194,000 | 31 Aug 2012 |
| Terraced |
| Freehold |
| Floor Area: 41 sq meters or 441 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 August 2012 the House Price Index for GREATER LONDON was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.312%.Applying this 70.312% change to the original purchase price of £194,000 results in an estimated price of approximately £330,406.
| 31 Aug 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.312 % | £194,000 | £136,406 | £330,406 |
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 | 163.218 % | £316,642 | £510,642 |
| 3 Month Average | 99.405 % | £192,845 | £386,845 |
| 6 Month Average | 99.983 % | £193,967 | £387,967 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 6 Nov 2023 | £451,687 | £445,000 | 32 FOURTH AVENUE |
| 23 Jan 2023 | £467,796 | £470,000 | 74 FOURTH AVENUE |
| 30 Nov 2022 | £473,267 | £479,000 | 27 STROOD AVENUE |
| 15 Jul 2022 | £365,985 | £365,000 | 6 PHILIP CLOSE |
| 29 Jan 2022 | £668,279 | £635,000 | 59 PHILIP AVENUE |
This house has a floor area of 41 sq meters or 441 sq feet when measured on 23 Jan 2014. Using an estimated price of £330,406 means this house is valued at £8,058 per sq meter (£748 per sq foot).
The average size of a house on FOURTH AVENUE is 99 sq meters (1,071 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Fourth Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Fourth Avenue |
| Dec 2023 | Drugs | Under investigation | On or near Philip Avenue |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Horace Avenue |