£814,731
This estimated value is based upon the latest sale price for the house of £530,000 on 25 Apr 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £530,000 | 25 Apr 2014 |
| £283,000 | 23 Apr 2004 |
| Detached |
| Freehold |
| Floor Area: 125 sq meters or 1,345 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 April 2014 the House Price Index for GREATER LONDON was 95.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 53.723%.Applying this 53.723% change to the original purchase price of £530,000 results in an estimated price of approximately £814,731.
| 25 Apr 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 95.4 | 146.7 | 53.723 % | £530,000 | £284,731 | £814,731 |
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 | -53.265 % | £-282,303 | £247,696 |
| 3 Month Average | 58.794 % | £311,609 | £841,609 |
| 6 Month Average | 60.703 % | £321,728 | £851,728 |
This house has a floor area of 125 sq meters or 1,345 sq feet when measured on 16 Jan 2014.
The average size of a house on WAYSIDE CLOSE is 220 sq meters (2,368 sq feet).
This house is the smallest in the street with a floor area of 125 sq meters (1,345 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodlands Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Brockton Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Sydenham Close |