£194,836
This estimated value is based upon the latest sale price for the house of £125,000 on 18 Jan 2008. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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55 Laurel Crescent, Romford, RM7 0RU
Phone: 01708573981
Price Paid | Date |
---|---|
£125,000 | 18 Jan 2008 |
£59,995 | 18 Apr 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 46 sq meters or 500 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 January 2008 the House Price Index for GREATER LONDON was 95.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 55.870%.Applying this 55.870% change to the original purchase price of £125,000 results in an estimated price of approximately £194,836.
18 Jan 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.3 | 148.6 | 55.870 % | £125,000 | £69,836 | £194,836 |
The Postcode Pricing Model uses changes in average sales price within the RM10 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 | -11.358 % | £-14,197 | £110,802 |
3 Month Average | 66.664 % | £83,330 | £208,330 |
6 Month Average | 86.070 % | £107,588 | £232,588 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Nov 2023 | £548,115 | £540,000 | 706 DAGENHAM ROAD |
25 Jul 2023 | £456,139 | £450,000 | 80 BELL FARM AVENUE |
20 Jul 2023 | £435,866 | £430,000 | 6 FELS FARM AVENUE |
30 Jun 2023 | £425,150 | £420,000 | 46 PARK DRIVE |
13 Mar 2023 | £429,042 | £425,000 | 5 PARK DRIVE |
This house has a floor area of 46 sq meters or 500 sq feet when measured on 27 Oct 2010. Using an estimated price of £194,837 means this house is valued at £4,190 per sq meter (£389 per sq foot).
There is one other house on the street which we know the size of, this is 3A BIRCH GARDENS it is 53.0
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near Ely Gardens | |
Jan 2024 | Anti-social behaviour | On or near Ely Gardens | |
Jan 2024 | Anti-social behaviour | On or near Ely Gardens | |
Dec 2023 | Other theft | Under investigation | On or near Fels Farm Avenue |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wheel Farm Drive |