£336,367
This estimated value is based upon the latest sale price for the house of £197,500 on 23 Aug 2012. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Old Mill Parade, Victoria Road, Romford, RM1 2HU
Phone: 01708573434
Price Paid | Date |
---|---|
£197,500 | 23 Aug 2012 |
£204,995 | 11 May 2007 |
£170,000 | 22 Aug 2005 |
£88,000 | 12 May 2000 |
£59,000 | 31 Jul 1995 |
Semi-Detached |
Freehold |
Floor Area: 54 sq meters or 586 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 2012 the House Price Index for GREATER LONDON was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.312%.Applying this 70.312% change to the original purchase price of £197,500 results in an estimated price of approximately £336,367.
23 Aug 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
87.3 | 148.6 | 70.312 % | £197,500 | £138,867 | £336,367 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | -36.628 % | £-72,339 | £125,160 |
3 Month Average | 84.499 % | £166,885 | £364,385 |
6 Month Average | 80.615 % | £159,214 | £356,714 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £258,832 | £255,000 | 23 RICHMOND ROAD |
28 Jul 2023 | £365,925 | £361,000 | 37 BRENTWOOD ROAD |
28 Apr 2023 | £432,153 | £427,500 | 24A WHEATSHEAF ROAD |
31 Mar 2023 | £522,422 | £517,500 | 2 QUEEN MARY CLOSE |
22 Sep 2022 | £428,539 | £432,000 | 4 QUEEN MARY CLOSE |
This house has a floor area of 54 sq meters or 586 sq feet when measured on 28 Jan 2011. Using an estimated price of £336,367 means this house is valued at £6,171 per sq meter (£573 per sq foot).
The average size of a house on RICHMOND ROAD is 61 sq meters (663 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Richmond Road |
Dec 2023 | Public order | Under investigation | On or near Richmond Road |
Dec 2023 | Drugs | Under investigation | On or near Richmond Road |
Jan 2024 | Drugs | Local resolution | On or near Thurloe Gardens |
Dec 2023 | Burglary | Under investigation | On or near Thurloe Gardens |