£410,519
This estimated value is based upon the latest sale price for the house of £237,500 on 28 Aug 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
| Price Paid | Date |
|---|---|
| £237,500 | 28 Aug 2011 |
| Terraced |
| Freehold |
| Floor Area: 67 sq meters or 721 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 August 2011 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.850%.Applying this 72.850% change to the original purchase price of £237,500 results in an estimated price of approximately £410,519.
| 28 Aug 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.850 % | £237,500 | £173,019 | £410,519 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | 159.411 % | £378,601 | £616,101 |
| 3 Month Average | 89.871 % | £213,444 | £450,944 |
| 6 Month Average | 87.080 % | £206,815 | £444,315 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Aug 2023 | £464,060 | £460,000 | 30 NORFOLK ROAD |
| 17 Feb 2023 | £421,217 | £421,500 | 16 NORFOLK ROAD |
| 27 Jan 2023 | £413,054 | £415,000 | 3 RICHARDS AVENUE |
| 9 Sep 2022 | £384,892 | £388,000 | 198 LONDON ROAD |
| 7 Sep 2022 | £316,941 | £319,500 | 200 LONDON ROAD |
This house has a floor area of 67 sq meters or 721 sq feet when measured on 27 May 2015. Using an estimated price of £410,520 means this house is valued at £6,127 per sq meter (£569 per sq foot).
The average size of a house on LONDON ROAD is 57 sq meters (620 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Theft from the person | Investigation complete; no suspect identified | On or near Ryan Court |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Ryan Court |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Ryan Court |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Richards Avenue |
| Dec 2023 | Anti-social behaviour | On or near Richards Avenue |