£369,006
This estimated value is based upon the latest sale price for the house of £370,000 on 10 Aug 2022. 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 |
|---|---|
| £370,000 | 10 Aug 2022 |
| £330,000 | 6 Aug 2015 |
| £268,500 | 11 Jul 2013 |
| £285,000 | 8 Feb 2006 |
| Flats/Maisonettes |
| Leasehold |
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 2022 the House Price Index for GREATER LONDON was 149.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -0.268%.Applying this -0.268% change to the original purchase price of £370,000 results in an estimated price of approximately £369,006.
| 10 Aug 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 149.0 | 148.6 | -0.268 % | £370,000 | £-993 | £369,006 |
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 | -19.536 % | £-72,281 | £297,718 |
| 3 Month Average | 3.534 % | £13,074 | £383,074 |
| 6 Month Average | -4.960 % | £-18,352 | £351,647 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2024 | £377,500 | £377,500 | 22 HAMILTON ROAD |
| 29 Sep 2023 | £511,541 | £505,000 | 13 ACADEMY FIELDS ROAD |
| 19 Jul 2023 | £395,321 | £390,000 | 6 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
| 28 Apr 2023 | £379,082 | £375,000 | 2 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
| 17 Feb 2023 | £583,108 | £583,500 | 59A HEATH PARK ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Oxford Close | |
| Jan 2024 | Anti-social behaviour | On or near Oxford Close | |
| Jan 2024 | Anti-social behaviour | On or near Oxford Close | |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Loom Grove |