£401,016
This estimated value is based upon the latest sale price for the house of £230,000 on 22 Mar 2006. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £230,000 | 22 Mar 2006 |
| Semi-Detached |
| Freehold |
| Floor Area: 77 sq meters or 828 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 2006 the House Price Index for GREATER LONDON was 84.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 74.355%.Applying this 74.355% change to the original purchase price of £230,000 results in an estimated price of approximately £401,016.
| 22 Mar 2006 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 84.1 | 146.7 | 74.355 % | £230,000 | £171,016 | £401,016 |
The Postcode Pricing Model uses changes in average sales price within the RM11 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 | 52.672 % | £121,144 | £351,144 |
| 3 Month Average | 52.754 % | £121,333 | £351,333 |
| 6 Month Average | 57.110 % | £131,352 | £361,352 |
This house has a floor area of 77 sq meters or 828 sq feet when measured on 18 Dec 2017.
The average size of a house on BROOKLANDS GARDENS is 80 sq meters (869 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Hill Crescent |
| Dec 2023 | Vehicle crime | Under investigation | On or near Hill Crescent |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Slewins Lane |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Slewins Lane |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Slewins Lane |