£277,840
This estimated value is based upon the latest sale price for the house of £159,995 on 7 Jun 2006. 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 |
---|---|
£159,995 | 7 Jun 2006 |
£152,000 | 8 Apr 2004 |
£137,000 | 25 Oct 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 53 sq meters or 570 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 June 2006 the House Price Index for GREATER LONDON was 85.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 73.656%.Applying this 73.656% change to the original purchase price of £159,995 results in an estimated price of approximately £277,840.
7 Jun 2006 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
85.6 | 148.6 | 73.656 % | £159,995 | £117,845 | £277,840 |
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 | -40.522 % | £-64,833 | £95,161 |
3 Month Average | 84.459 % | £135,130 | £295,125 |
6 Month Average | 95.601 % | £152,956 | £312,951 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jul 2023 | £365,925 | £361,000 | 37 BRENTWOOD ROAD |
7 Jul 2023 | £534,696 | £527,500 | 126 GEORGE STREET |
30 Jun 2023 | £313,801 | £310,000 | 93 BRENTWOOD ROAD |
11 Nov 2022 | £493,028 | £499,000 | 122 GEORGE STREET |
13 May 2022 | £377,106 | £370,000 | 81A BRENTWOOD ROAD |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 26 Nov 2014. Using an estimated price of £277,841 means this house is valued at £5,242 per sq meter (£487 per sq foot).
The average size of a house on GEORGE STREET is 71 sq meters (766 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Richmond Road |
Dec 2023 | Drugs | Under investigation | On or near Richmond Road |
Dec 2023 | Public order | Under investigation | On or near Richmond Road |
Jan 2024 | Public order | Under investigation | On or near George Street |