£429,169
This estimated value is based upon the latest sale price for the house of £400,000 on 28 Jun 2021. 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 |
|---|---|
| £400,000 | 28 Jun 2021 |
| £217,000 | 1 Nov 2006 |
| Terraced |
| Freehold |
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 2021 the House Price Index for GREATER LONDON was 138.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.292%.Applying this 7.292% change to the original purchase price of £400,000 results in an estimated price of approximately £429,169.
| 28 Jun 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.5 | 148.6 | 7.292 % | £400,000 | £29,169 | £429,169 |
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 | 30.243 % | £120,970 | £520,970 |
| 3 Month Average | -2.580 % | £-10,320 | £389,679 |
| 6 Month Average | -4.758 % | £-19,033 | £380,966 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £396,876 | £391,000 | 52 SHERINGHAM AVENUE |
| 14 Jul 2023 | £557,503 | £550,000 | 16 CROW LANE |
| 29 Mar 2023 | £426,518 | £422,500 | 121 SHERINGHAM AVENUE |
| 27 Jan 2023 | £405,589 | £407,500 | 18 BEECHFIELD GARDENS |
| 20 Jan 2023 | £440,425 | £442,500 | 13 BEECHFIELD GARDENS |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Beechfield Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Beechfield Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Beechfield Gardens |
| Dec 2023 | Anti-social behaviour | On or near Beechfield Gardens | |
| Dec 2023 | Anti-social behaviour | On or near Beechfield Gardens |