£237,820
This estimated value is based upon the latest sale price for the house of £195,000 on 1 Mar 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Old Mill Parade, Victoria Road, Romford, RM1 2HU
Phone: 01708573434
| Price Paid | Date |
|---|---|
| £195,000 | 1 Mar 2019 |
| £155,000 | 23 Jul 2015 |
| £135,000 | 9 Dec 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 42 sq meters or 452 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 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.959%.Applying this 21.959% change to the original purchase price of £195,000 results in an estimated price of approximately £237,820.
| 1 Mar 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.959 % | £195,000 | £42,820 | £237,820 |
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 | -63.156 % | £-123,154 | £71,845 |
| 3 Month Average | 20.859 % | £40,675 | £235,675 |
| 6 Month Average | 24.145 % | £47,082 | £242,082 |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 17 Jan 2015.
The average size of a house on RICHMOND ROAD is 61 sq meters (663 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Richmond Road |
| Dec 2023 | Public order | Under investigation | On or near Richmond Road |
| Dec 2023 | Drugs | Under investigation | On or near Richmond Road |
| Jan 2024 | Drugs | Local resolution | On or near Thurloe Gardens |
| Dec 2023 | Burglary | Under investigation | On or near Thurloe Gardens |