£426,815
This estimated value is based upon the latest sale price for the house of £345,000 on 20 Mar 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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27 Gobions Avenue, Romford, RM5 3SS
Phone: 01708954923
| Price Paid | Date |
|---|---|
| £345,000 | 20 Mar 2018 |
| £177,500 | 15 Oct 2004 |
| £138,000 | 28 Nov 2003 |
| Terraced |
| Freehold |
| Floor Area: 82 sq meters or 882 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 £345,000 results in an estimated price of approximately £426,815.
| 20 Mar 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.6 | 146.7 | 23.715 % | £345,000 | £81,815 | £426,815 |
The Postcode Pricing Model uses changes in average sales price within the RM5 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 | -21.716 % | £-74,919 | £270,080 |
| 3 Month Average | 15.048 % | £51,914 | £396,914 |
| 6 Month Average | 21.768 % | £75,098 | £420,098 |
This house has a floor area of 82 sq meters or 882 sq feet when measured on 2 Dec 2016.
The average size of a house on FAIRCROSS AVENUE is 83 sq meters (900 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Cardiff Close |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Chase Cross Road |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Berkeley Avenue |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Faircross Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Faircross Avenue |