£463,436
This estimated value is based upon the latest sale price for the house of £310,000 on 11 Aug 2014. 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 |
|---|---|
| £310,000 | 11 Aug 2014 |
| £145,000 | 16 May 2002 |
| Terraced |
| Freehold |
| Floor Area: 135 sq meters or 1,453 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 2014 the House Price Index for GREATER LONDON was 98.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 49.496%.Applying this 49.496% change to the original purchase price of £310,000 results in an estimated price of approximately £463,436.
| 11 Aug 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 146.7 | 49.496 % | £310,000 | £153,436 | £463,436 |
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 | 40.125 % | £124,386 | £434,386 |
| 3 Month Average | 44.214 % | £137,064 | £447,064 |
| 6 Month Average | 49.348 % | £152,977 | £462,977 |
This house has a floor area of 135 sq meters or 1,453 sq feet when measured on 27 Aug 2014.
The average size of a house on MARGARET CLOSE is 103 sq meters (1,111 sq feet).
This house is the largest in the street with a floor area of 135 sq meters (1,453 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Lytton Road | |
| Jan 2024 | Anti-social behaviour | On or near Lytton Road | |
| Jan 2024 | Anti-social behaviour | On or near Lytton Road | |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Hastings Road |
| Jan 2024 | Robbery | Investigation complete; no suspect identified | On or near Faith Close |