£478,700
This estimated value is based upon the latest sale price for the house of £387,500 on 28 Jan 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
Price Paid | Date |
---|---|
£387,500 | 28 Jan 2019 |
£250,000 | 20 Dec 2013 |
Terraced |
Freehold |
Floor Area: 119 sq meters or 1,280 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 January 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.536%.Applying this 23.536% change to the original purchase price of £387,500 results in an estimated price of approximately £478,700.
28 Jan 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.3 | 148.6 | 23.536 % | £387,500 | £91,200 | £478,700 |
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 | 42.331 % | £164,034 | £551,534 |
3 Month Average | 13.390 % | £51,884 | £439,384 |
6 Month Average | 10.921 % | £42,319 | £429,819 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Aug 2023 | £464,060 | £460,000 | 30 NORFOLK ROAD |
17 Feb 2023 | £560,623 | £561,000 | 11A LESSINGTON AVENUE |
17 Feb 2023 | £421,217 | £421,500 | 16 NORFOLK ROAD |
15 Nov 2022 | £419,914 | £425,000 | 5 LESSINGTON AVENUE |
9 Sep 2022 | £384,892 | £388,000 | 198 LONDON ROAD |
This house has a floor area of 119 sq meters or 1,280 sq feet when measured on 5 Nov 2013. Using an estimated price of £478,700 means this house is valued at £4,022 per sq meter (£373 per sq foot).
The average size of a house on CROMER ROAD is 88 sq meters (954 sq feet).
This house is the largest in the street with a floor area of 119 sq meters (1,280 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Cromer Road |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Esher Avenue |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Esher Avenue |
Jan 2024 | Vehicle crime | Under investigation | On or near Sheringham Avenue |