£650,472
This estimated value is based upon the latest sale price for the house of £615,000 on 17 Dec 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near James Close
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £615,000 | 17 Dec 2021 |
| £360,000 | 3 Nov 2005 |
| Detached |
| Freehold |
| Floor Area: 164 sq meters or 1,765 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 2021 the House Price Index for GREATER LONDON was 138.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 5.768%.Applying this 5.768% change to the original purchase price of £615,000 results in an estimated price of approximately £650,472.
| 17 Dec 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 138.7 | 146.7 | 5.768 % | £615,000 | £35,472 | £650,472 |
The Postcode Pricing Model uses changes in average sales price within the RM2 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 | -33.877 % | £-208,341 | £406,658 |
| 3 Month Average | 10.616 % | £65,287 | £680,287 |
| 6 Month Average | 5.286 % | £32,506 | £647,506 |
This house has a floor area of 164 sq meters or 1,765 sq feet when measured on 22 Aug 2018.
The average size of a house on HEATH PARK ROAD is 109 sq meters (1,176 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Under investigation | On or near James Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near James Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near James Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Carlton Road |