£492,153
This estimated value is based upon the latest sale price for the house of £325,000 on 6 Aug 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £325,000 | 6 Aug 2014 |
| £244,000 | 17 Nov 2006 |
| Detached |
| Freehold |
| Floor Area: 97 sq meters or 1,044 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 2014 the House Price Index for GREATER LONDON was 98.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 51.432%.Applying this 51.432% change to the original purchase price of £325,000 results in an estimated price of approximately £492,153.
| 6 Aug 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 148.6 | 51.432 % | £325,000 | £167,153 | £492,153 |
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 | 40.125 % | £130,405 | £455,405 |
| 3 Month Average | 44.214 % | £143,696 | £468,696 |
| 6 Month Average | 49.348 % | £160,379 | £485,379 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £665,825 | £660,000 | 1A CLIVE ROAD |
| 28 Apr 2023 | £564,073 | £558,000 | 93 HEATH PARK ROAD |
| 26 Apr 2023 | £303,265 | £300,000 | 78B HEATH PARK ROAD |
| 24 Apr 2023 | £303,265 | £300,000 | FLAT 1 HOMELEIGH APARTMENTS, 85 HEATH PARK ROAD |
| 17 Mar 2023 | £459,327 | £455,000 | FROBISHER VILLAS, 2B MARGARET ROAD |
This house has a floor area of 97 sq meters or 1,044 sq feet when measured on 29 Jan 2014. Using an estimated price of £492,153 means this house is valued at £5,073 per sq meter (£471 per sq foot).
The average size of a house on HAMILTON ROAD is 87 sq meters (937 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Hastings Road |
| Jan 2024 | Anti-social behaviour | On or near Lytton Road | |
| Jan 2024 | Anti-social behaviour | On or near Lytton Road | |
| Jan 2024 | Anti-social behaviour | On or near Lytton Road | |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lawrence Road |