£392,133
This estimated value is based upon the latest sale price for the house of £287,000 on 18 Dec 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Faith Close
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £287,000 | 18 Dec 2015 |
| £188,000 | 12 Jan 2007 |
| £105,000 | 27 Sep 2001 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 731 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 December 2015 the House Price Index for GREATER LONDON was 107.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 36.632%.Applying this 36.632% change to the original purchase price of £287,000 results in an estimated price of approximately £392,133.
| 18 Dec 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 107.4 | 146.7 | 36.632 % | £287,000 | £105,133 | £392,133 |
The Postcode Pricing Model uses changes in average sales price within the RM2 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 | 26.749 % | £76,768 | £363,768 |
| 3 Month Average | 25.058 % | £71,916 | £358,916 |
| 6 Month Average | 19.585 % | £56,208 | £343,208 |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 14 Sep 2020.
The average size of a house on BRENTWOOD ROAD is 108 sq meters (1,169 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Faith Close |
| Jan 2024 | Robbery | Investigation complete; no suspect identified | On or near Faith Close |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Faith Close |
| Dec 2023 | Shoplifting | Investigation complete; no suspect identified | On or near Faith Close |
| Jan 2024 | Anti-social behaviour | On or near Lytton Road |