£345,109
This estimated value is based upon the latest sale price for the house of £340,000 on 6 Nov 2023. 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 |
|---|---|
| £340,000 | 6 Nov 2023 |
| £159,000 | 9 Dec 2011 |
| £69,500 | 7 May 1999 |
| Terraced |
| Freehold |
| Floor Area: 58 sq meters or 624 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 November 2023 the House Price Index for GREATER LONDON was 146.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.503%.Applying this 1.503% change to the original purchase price of £340,000 results in an estimated price of approximately £345,109.
| 6 Nov 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.4 | 148.6 | 1.503 % | £340,000 | £5,109 | £345,109 |
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 | 159.131 % | £541,045 | £881,045 |
| 3 Month Average | 2.447 % | £8,320 | £348,320 |
| 6 Month Average | 10.398 % | £35,353 | £375,353 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Dec 2023 | £377,607 | £371,000 | 7 GIBSON ROAD |
| 17 Nov 2023 | £384,188 | £378,500 | 5 ALDINGTON CLOSE |
| 6 Nov 2023 | £345,109 | £340,000 | 15 PLOWMAN WAY |
| 29 Sep 2023 | £389,986 | £385,000 | 18 BURNSIDE ROAD |
| 15 Aug 2023 | £394,451 | £391,000 | 10 BURNSIDE ROAD |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 18 Sep 2021. Using an estimated price of £345,109 means this house is valued at £5,950 per sq meter (£552 per sq foot).
The average size of a house on PLOWMAN WAY is 68 sq meters (737 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Robbery | Under investigation | On or near Plowman Way |
| Feb 2024 | Criminal damage and arson | Under investigation | On or near Plowman Way |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Blunden Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Blunden Close |
| Feb 2024 | Violence and sexual offences | Under investigation | On or near Burnside Road |