£460,342
This estimated value is based upon the latest sale price for the house of £375,000 on 30 Apr 2020. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
55 Laurel Crescent, Romford, RM7 0RU
Phone: 01708573981
| Price Paid | Date |
|---|---|
| £375,000 | 30 Apr 2020 |
| Semi-Detached |
| Freehold |
| Floor Area: 91 sq meters or 979 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 April 2020 the House Price Index for GREATER LONDON was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.758%.Applying this 22.758% change to the original purchase price of £375,000 results in an estimated price of approximately £460,342.
| 30 Apr 2020 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.758 % | £375,000 | £85,342 | £460,342 |
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 | 25.437 % | £95,389 | £470,389 |
| 3 Month Average | 14.747 % | £55,302 | £430,302 |
| 6 Month Average | 11.267 % | £42,251 | £417,251 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £451,449 | £447,500 | 200 GORSEWAY |
| 11 Apr 2023 | £384,136 | £380,000 | 31 LINCOLN AVENUE |
| 15 Jul 2022 | £431,161 | £430,000 | 82 LINCOLN AVENUE |
| 24 Jun 2022 | £370,232 | £365,000 | 158 GORSEWAY |
| 17 Jun 2022 | £355,017 | £350,000 | 152 GORSEWAY |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 21 Jan 2020. Using an estimated price of £460,342 means this house is valued at £5,058 per sq meter (£469 per sq foot).
The average size of a house on LINCOLN AVENUE is 94 sq meters (1,019 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lincoln Avenue |
| Dec 2023 | Anti-social behaviour | On or near Lincoln Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Lincoln Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Lincoln Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Lincoln Avenue |