£523,313
This estimated value is based upon the latest sale price for the house of £423,000 on 2 Mar 2018. 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 |
|---|---|
| £423,000 | 2 Mar 2018 |
| £249,995 | 26 Mar 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 March 2018 the House Price Index for GREATER LONDON was 118.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 23.715%.Applying this 23.715% change to the original purchase price of £423,000 results in an estimated price of approximately £523,313.
| 2 Mar 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 146.7 | 23.715 % | £423,000 | £100,313 | £523,313 |
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 | -63.272 % | £-267,639 | £155,360 |
| 3 Month Average | 9.397 % | £39,750 | £462,750 |
| 6 Month Average | 12.856 % | £54,382 | £477,382 |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 1 Sep 2017.
The average size of a house on PETTITS LANE NORTH is 96 sq meters (1,037 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Heather Gardens |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Beauly Court |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Beauly Court |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Pettits Boulevard |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Heather Gardens |