£515,923
This estimated value is based upon the latest sale price for the house of £350,000 on 20 Mar 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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54a Station Road, Romford, RM6 4BU
Phone: 02080222778
| Price Paid | Date |
|---|---|
| £350,000 | 20 Mar 2015 |
| Terraced |
| Freehold |
| Floor Area: 203 sq meters or 2,185 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 March 2015 the House Price Index for GREATER LONDON was 100.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 47.407%.Applying this 47.407% change to the original purchase price of £350,000 results in an estimated price of approximately £515,923.
| 20 Mar 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 100.8 | 148.6 | 47.407 % | £350,000 | £165,923 | £515,923 |
The Postcode Pricing Model uses changes in average sales price within the RM8 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 | -6.446 % | £-22,559 | £327,440 |
| 3 Month Average | 50.970 % | £178,395 | £528,395 |
| 6 Month Average | 65.983 % | £230,941 | £580,941 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £133,984 | £132,000 | FLAT 5 MAPLE COURT SPRING CLOSE |
| 1 Jun 2023 | £88,067 | £87,000 | FLAT 33 ANGLIA COURT SPRING CLOSE |
| 30 Mar 2023 | £257,425 | £255,000 | FLAT 2 MAPLE COURT SPRING CLOSE |
| 24 Feb 2023 | £114,923 | £115,000 | FLAT 4 ANGLIA COURT SPRING CLOSE |
| 21 Feb 2023 | £94,936 | £95,000 | FLAT 31 ANGLIA COURT SPRING CLOSE |
This house has a floor area of 203 sq meters or 2,185 sq feet when measured on 31 Oct 2014. Using an estimated price of £515,924 means this house is valued at £2,541 per sq meter (£236 per sq foot).
The average size of a house on FRESHWATER ROAD is 60 sq meters (648 sq feet).
This house is the largest in the street with a floor area of 203 sq meters (2,185 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Cornshaw Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Spring Close |
| Jan 2024 | Public order | Under investigation | On or near Spring Close |
| Jan 2024 | Public order | Under investigation | On or near Spring Close |
| Jan 2024 | Drugs | Under investigation | On or near Spring Close |