£308,427
This estimated value is based upon the latest sale price for the house of £164,200 on 29 Oct 2004. 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 |
|---|---|
| £164,200 | 29 Oct 2004 |
| £127,124 | 31 Jul 2002 |
| £59,000 | 24 Feb 1998 |
| Terraced |
| Freehold |
| Floor Area: 77 sq meters or 828 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 October 2004 the House Price Index for GREATER LONDON was 78.3.
The House Price Index as of 1 Jan 2024 is 147.0 which is a change of 87.836%.Applying this 87.836% change to the original purchase price of £164,200 results in an estimated price of approximately £308,427.
| 29 Oct 2004 | 1 Jan 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 78.3 | 147.0 | 87.836 % | £164,200 | £144,227 | £308,427 |
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 | 120.472 % | £197,814 | £362,014 |
| 3 Month Average | 139.864 % | £229,657 | £393,857 |
| 6 Month Average | 99.562 % | £163,481 | £327,681 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2023 | £358,780 | £360,000 | 25 GROSVENOR ROAD |
| 20 Feb 2023 | £375,403 | £380,000 | 3 WOLSELEY ROAD |
| 16 Feb 2023 | £503,831 | £510,000 | 18 DAGENHAM ROAD |
| 18 Aug 2022 | £379,323 | £385,000 | 75 GROSVENOR ROAD |
| 17 Aug 2022 | £364,544 | £370,000 | 10 LILLIPUT ROAD |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 29 Oct 2019. Using an estimated price of £308,427 means this house is valued at £4,005 per sq meter (£372 per sq foot).
The average size of a house on WOLSELEY ROAD is 80 sq meters (863 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near East Road | |
| Jan 2024 | Anti-social behaviour | On or near East Road | |
| Jan 2024 | Anti-social behaviour | On or near East Road | |
| Jan 2024 | Anti-social behaviour | On or near East Road | |
| Jan 2024 | Anti-social behaviour | On or near East Road |