£479,844
This estimated value is based upon the latest sale price for the house of £375,000 on 15 Mar 2017. 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 |
|---|---|
| £375,000 | 15 Mar 2017 |
| £280,000 | 31 Jan 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 107 sq meters or 1,151 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 2017 the House Price Index for GREATER LONDON was 114.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 27.959%.Applying this 27.959% change to the original purchase price of £375,000 results in an estimated price of approximately £479,844.
| 15 Mar 2017 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 114.6 | 146.7 | 27.959 % | £375,000 | £104,844 | £479,844 |
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 | -48.962 % | £-183,607 | £191,392 |
| 3 Month Average | 49.227 % | £184,603 | £559,603 |
| 6 Month Average | 41.455 % | £155,457 | £530,457 |
This house has a floor area of 107 sq meters or 1,151 sq feet when measured on 3 Feb 2017.
The average size of a house on AYR WAY is 111 sq meters (1,197 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Ayr Way |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Heather Gardens |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Heather Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wood View Mews |
| Jan 2024 | Possession of weapons | Awaiting court outcome | On or near Wood View Mews |