£159,500
This estimated value is based upon the latest sale price for the house of £88,000 on 18 Nov 2005. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Collier Row Road, Romford, RM5 3NP
Phone: 01708573005
| Price Paid | Date |
|---|---|
| £88,000 | 18 Nov 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 48 sq meters or 524 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 November 2005 the House Price Index for GREATER LONDON was 82.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 81.250%.Applying this 81.250% change to the original purchase price of £88,000 results in an estimated price of approximately £159,500.
| 18 Nov 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.0 | 148.6 | 81.250 % | £88,000 | £71,500 | £159,500 |
The Postcode Pricing Model uses changes in average sales price within the RM5 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 | 38.486 % | £33,867 | £121,867 |
| 3 Month Average | 81.312 % | £71,554 | £159,554 |
| 6 Month Average | 107.124 % | £94,269 | £182,269 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £393,323 | £387,500 | 6 MOORLAND CLOSE |
| 15 Feb 2023 | £464,687 | £465,000 | 19 CLOCKHOUSE LANE |
| 4 Aug 2022 | £470,733 | £472,000 | 18 MOORLAND CLOSE |
| 21 Jan 2022 | £405,177 | £385,000 | 14 MOORLAND CLOSE |
| 21 Oct 2021 | £257,256 | £232,500 | FLAT 13 HITCHMAN HOUSE, 19A COLLIER ROW ROAD |
This house has a floor area of 48 sq meters or 524 sq feet when measured on 26 Sep 2011. Using an estimated price of £159,500 means this house is valued at £3,270 per sq meter (£303 per sq foot).
The average size of a house on COLLIER ROW ROAD is 70 sq meters (757 sq feet).