£231,791
This estimated value is based upon the latest sale price for the house of £154,000 on 16 Sep 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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55 Laurel Crescent, Romford, RM7 0RU
Phone: 01708573981
| Price Paid | Date |
|---|---|
| £154,000 | 16 Sep 2014 |
| £65,000 | 14 Dec 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 570 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 September 2014 the House Price Index for GREATER LONDON was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £154,000 results in an estimated price of approximately £231,791.
| 16 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £154,000 | £77,791 | £231,791 |
The Postcode Pricing Model uses changes in average sales price within the RM10 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 | -16.679 % | £-25,684 | £128,315 |
| 3 Month Average | 57.271 % | £88,197 | £242,197 |
| 6 Month Average | 77.207 % | £118,898 | £272,898 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Nov 2023 | £548,115 | £540,000 | 706 DAGENHAM ROAD |
| 25 Jul 2023 | £456,139 | £450,000 | 80 BELL FARM AVENUE |
| 20 Jul 2023 | £435,866 | £430,000 | 6 FELS FARM AVENUE |
| 30 Jun 2023 | £425,150 | £420,000 | 46 PARK DRIVE |
| 13 Mar 2023 | £429,042 | £425,000 | 5 PARK DRIVE |
This house has a floor area of 53 sq meters or 570 sq feet when measured on 18 Feb 2020. Using an estimated price of £231,791 means this house is valued at £4,373 per sq meter (£406 per sq foot).
There is one other house on the street which we know the size of, this is 1 BIRCH GARDENS it is 46.49
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Ely Gardens | |
| Jan 2024 | Anti-social behaviour | On or near Ely Gardens | |
| Jan 2024 | Anti-social behaviour | On or near Ely Gardens | |
| Dec 2023 | Other theft | Under investigation | On or near Fels Farm Avenue |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wheel Farm Drive |