£321,877
This estimated value is based upon the latest sale price for the house of £215,000 on 30 Oct 2014. 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 |
|---|---|
| £215,000 | 30 Oct 2014 |
| Detached |
| Freehold |
| Floor Area: 68 sq meters or 731 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 October 2014 the House Price Index for GREATER LONDON was 99.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 49.711%.Applying this 49.711% change to the original purchase price of £215,000 results in an estimated price of approximately £321,877.
| 30 Oct 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 99.3 | 148.6 | 49.711 % | £215,000 | £106,877 | £321,877 |
The Postcode Pricing Model uses changes in average sales price within the RM5 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 | 7.076 % | £15,214 | £230,214 |
| 3 Month Average | 34.500 % | £74,174 | £289,174 |
| 6 Month Average | 58.792 % | £126,403 | £341,403 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Nov 2023 | £406,011 | £400,000 | 15 HORNDON ROAD |
| 19 Sep 2023 | £467,984 | £462,000 | 2B OAKS AVENUE |
| 25 Aug 2023 | £539,722 | £535,000 | 28 OAKS AVENUE |
| 24 Feb 2023 | £474,681 | £475,000 | 24 HAYDEN WAY |
| 19 Apr 2022 | £463,410 | £450,000 | 6 THAMESHILL AVENUE |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 13 Aug 2012. Using an estimated price of £321,878 means this house is valued at £4,733 per sq meter (£439 per sq foot).
The average size of a house on RADWIN CLOSE is 111 sq meters (1,201 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Ferndale Road |
| Jan 2024 | Burglary | Under investigation | On or near Oaks Avenue |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Oaks Avenue |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Oaks Avenue |
| Dec 2023 | Criminal damage and arson | Under investigation | On or near Oaks Avenue |