£349,583
This estimated value is based upon the latest sale price for the house of £62,995 on 1 Aug 1996. 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 |
---|---|
£62,995 | 1 Aug 1996 |
Flats/Maisonettes |
Leasehold |
Floor Area: 55 sq meters or 592 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 1996 the House Price Index for GREATER LONDON was 26.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 454.939%.Applying this 454.939% change to the original purchase price of £62,995 results in an estimated price of approximately £349,583.
1 Aug 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
26.8 | 148.6 | 454.939 % | £62,995 | £286,588 | £349,583 |
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 | 621.007 % | £391,203 | £454,198 |
3 Month Average | 454.172 % | £286,105 | £349,100 |
6 Month Average | 434.115 % | £273,470 | £336,465 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Dec 2023 | £468,192 | £460,000 | 8 LONSDALE AVENUE |
21 Nov 2023 | £527,814 | £520,000 | 18 ASTOR AVENUE |
22 Jun 2023 | £404,905 | £400,000 | 8 MARINA GARDENS |
12 Jun 2023 | £283,433 | £280,000 | FLAT 17 THE SQUIRES, 243 LONDON ROAD |
9 Jun 2023 | £404,905 | £400,000 | 79 JUBILEE AVENUE |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 28 Jan 2019. Using an estimated price of £349,584 means this house is valued at £6,356 per sq meter (£590 per sq foot).
The average size of a house on LONDON ROAD is 57 sq meters (620 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Drugs | Local resolution | On or near London Road |
Jan 2024 | Drugs | Local resolution | On or near London Road |
Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near London Road |
Jan 2024 | Other theft | Under investigation | On or near London Road |
Dec 2023 | Violence and sexual offences | Under investigation | On or near London Road |