£271,694
This estimated value is based upon the latest sale price for the house of £66,500 on 26 Nov 1999. 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 |
---|---|
£66,500 | 26 Nov 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 62 sq meters or 667 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 November 1999 the House Price Index for GREATER LONDON was 36.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 308.564%.Applying this 308.564% change to the original purchase price of £66,500 results in an estimated price of approximately £271,694.
26 Nov 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
36.4 | 148.6 | 308.564 % | £66,500 | £205,194 | £271,694 |
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 | 21.440 % | £14,257 | £80,757 |
3 Month Average | 279.716 % | £186,011 | £252,511 |
6 Month Average | 283.848 % | £188,759 | £255,259 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Mar 2023 | £191,807 | £190,000 | 5 MARWELL CLOSE |
14 Mar 2023 | £81,266 | £80,500 | FLAT 33 WEAVE COURT, 24 LOOM GROVE |
1 Feb 2023 | £104,929 | £105,000 | FLAT 31 WEAVE COURT, 24 LOOM GROVE |
20 Jan 2023 | £199,062 | £200,000 | 14 MARWELL CLOSE |
9 Jan 2023 | £293,617 | £295,000 | FLAT 3 NARBORO COURT MANOR ROAD |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 10 Sep 2019. Using an estimated price of £271,695 means this house is valued at £4,382 per sq meter (£407 per sq foot).
The average size of a house on MARWELL CLOSE is 47 sq meters (512 sq feet).
This house is the largest in the street with a floor area of 62 sq meters (667 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Under investigation | On or near Marwell Close |
Jan 2024 | Anti-social behaviour | On or near Clemont Place | |
Jan 2024 | Other theft | Under investigation | On or near Clemont Place |
Jan 2024 | Anti-social behaviour | On or near Clemont Place | |
Jan 2024 | Anti-social behaviour | On or near Clemont Place |