£471,830
This estimated value is based upon the latest sale price for the house of £164,000 on 17 May 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £164,000 | 17 May 2002 |
| Semi-Detached |
| Freehold |
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 May 2002 the House Price Index for GREATER LONDON was 51.0.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 187.701%.Applying this 187.701% change to the original purchase price of £164,000 results in an estimated price of approximately £471,830.
| 17 May 2002 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 51.0 | 146.7 | 187.701 % | £164,000 | £307,830 | £471,830 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | -7.254 % | £-11,897 | £152,102 |
| 3 Month Average | 184.785 % | £303,046 | £467,046 |
| 6 Month Average | 188.172 % | £308,601 | £472,601 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Pettits Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near The Elkins |
| Jan 2024 | Robbery | Under investigation | On or near The Elkins |
| Dec 2023 | Anti-social behaviour | On or near The Elkins | |
| Dec 2023 | Anti-social behaviour | On or near The Elkins |