£523,669
This estimated value is based upon the latest sale price for the house of £395,000 on 9 May 2016. This value is then adjusted by the current Official House Price Index for ESSEX 1
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27 Gobions Avenue, Romford, RM5 3SS
Phone: 01708954923
| Price Paid | Date |
|---|---|
| £395,000 | 9 May 2016 |
| Detached |
| Freehold |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in May 2016 the House Price Index for ESSEX was 110.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 32.574%.Applying this 32.574% change to the original purchase price of £395,000 results in an estimated price of approximately £523,669.
| 9 May 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 110.7 | 146.7 | 32.574 % | £395,000 | £128,669 | £523,669 |
The Postcode Pricing Model uses changes in average sales price within the RM4 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 | 50.528 % | £199,586 | £594,586 |
| 3 Month Average | 64.461 % | £254,621 | £649,621 |
| 6 Month Average | 19.192 % | £75,809 | £470,809 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jan 2022 | £1,068,194 | £1,015,000 | GROUCHOS OAK HILL ROAD |
| 24 Jun 2021 | £804,961 | £750,250 | 3 ABBOTTS WAY |
| 27 Nov 2020 | £730,393 | £630,000 | BROOKEND OAK HILL ROAD |
| 22 Oct 2020 | £868,082 | £740,000 | 2 BLENHEIM MEWS |
| 12 Aug 2020 | £266,792 | £222,500 | FLAT 3 WOODVILLE TYSEA HILL |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Valley Drive |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Valley Drive |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Valley Drive |
| Jan 2024 | Criminal damage and arson | Awaiting court outcome | On or near Valley Drive |
| Jan 2024 | Violence and sexual offences | Awaiting court outcome | On or near Valley Drive |