£448,751
This estimated value is based upon the latest sale price for the house of £345,000 on 16 Nov 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Collier Row Road, Romford, RM5 3NP
Phone: 01708573005
| Price Paid | Date |
|---|---|
| £345,000 | 16 Nov 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 80 sq meters or 861 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 November 2016 the House Price Index for GREATER LONDON was 112.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 30.073%.Applying this 30.073% change to the original purchase price of £345,000 results in an estimated price of approximately £448,751.
| 16 Nov 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.8 | 146.7 | 30.073 % | £345,000 | £103,751 | £448,751 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | 55.698 % | £192,157 | £537,157 |
| 3 Month Average | 7.033 % | £24,263 | £369,263 |
| 6 Month Average | 11.209 % | £38,671 | £383,671 |
This house has a floor area of 80 sq meters or 861 sq feet when measured on 17 Oct 2016.
The average size of a house on ESSEX CLOSE is 83 sq meters (899 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Essex Close |
| Jan 2024 | Burglary | Under investigation | On or near Epping Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Epping Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Essex Road |
| Jan 2024 | Drugs | Local resolution | On or near Swan Mews |