£570,539
This estimated value is based upon the latest sale price for the house of £117,500 on 28 Nov 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Fairoak Gardens
More crime details
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £117,500 | 28 Nov 1997 |
| Semi-Detached |
| 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 November 1997 the House Price Index for GREATER LONDON was 30.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 385.566%.Applying this 385.566% change to the original purchase price of £117,500 results in an estimated price of approximately £570,539.
| 28 Nov 1997 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.2 | 146.7 | 385.566 % | £117,500 | £453,039 | £570,539 |
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 | 55.432 % | £65,132 | £182,632 |
| 3 Month Average | 351.013 % | £412,440 | £529,940 |
| 6 Month Average | 335.158 % | £393,810 | £511,310 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Fairoak Gardens |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Fairoak Gardens |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fontayne Avenue |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Pettits Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parkside Avenue |