£360,413
This estimated value is based upon the latest sale price for the house of £200,000 on 13 Dec 2005. 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 |
---|---|
£200,000 | 13 Dec 2005 |
£77,000 | 21 Apr 1995 |
Terraced |
Freehold |
Floor Area: 50 sq meters or 538 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 December 2005 the House Price Index for GREATER LONDON was 82.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 80.207%.Applying this 80.207% change to the original purchase price of £200,000 results in an estimated price of approximately £360,413.
13 Dec 2005 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
82.5 | 148.6 | 80.207 % | £200,000 | £160,413 | £360,413 |
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 | 80.404 % | £160,807 | £360,807 |
3 Month Average | 81.890 % | £163,779 | £363,779 |
6 Month Average | 102.260 % | £204,519 | £404,519 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Aug 2023 | £388,398 | £385,000 | 64 MARKS ROAD |
31 Mar 2023 | £415,918 | £412,000 | 74 MILDMAY ROAD |
20 Jun 2022 | £210,474 | £207,500 | 10 BARKWOOD CLOSE |
14 Jun 2022 | £260,684 | £257,000 | FLAT 8 ORTON COURT MAWNEY ROAD |
18 Feb 2022 | £445,695 | £425,000 | 68 MILDMAY ROAD |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 3 Oct 2018. Using an estimated price of £360,414 means this house is valued at £7,208 per sq meter (£669 per sq foot).
The average size of a house on MILDMAY ROAD is 93 sq meters (1,002 sq feet).