£348,480
This estimated value is based upon the latest sale price for the house of £150,000 on 31 Jul 2003. 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 |
|---|---|
| £150,000 | 31 Jul 2003 |
| Terraced |
| Freehold |
| Floor Area: 90 sq meters or 968 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 July 2003 the House Price Index for GREATER LONDON was 64.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 132.320%.Applying this 132.320% change to the original purchase price of £150,000 results in an estimated price of approximately £348,480.
| 31 Jul 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 64.0 | 148.6 | 132.320 % | £150,000 | £198,480 | £348,480 |
The Postcode Pricing Model uses changes in average sales price within the RM10 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 | 31.065 % | £46,596 | £196,596 |
| 3 Month Average | 143.002 % | £214,503 | £364,503 |
| 6 Month Average | 168.840 % | £253,260 | £403,260 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Dec 2023 | £366,411 | £360,000 | 26 HIGHLAND AVENUE |
| 24 Feb 2023 | £449,697 | £450,000 | 58 HARDIE ROAD |
| 27 Jan 2023 | £218,969 | £220,000 | 8 HIGHLAND AVENUE |
| 17 Jun 2022 | £344,874 | £340,000 | 18 FIR TREE WALK |
| 15 Oct 2021 | £365,138 | £330,000 | 33 BELL FARM AVENUE |
This house has a floor area of 90 sq meters or 968 sq feet when measured on 11 Jun 2012. Using an estimated price of £348,481 means this house is valued at £3,872 per sq meter (£359 per sq foot).
The average size of a house on HIGHLAND AVENUE is 98 sq meters (1,062 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Highland Avenue |