£384,845
This estimated value is based upon the latest sale price for the house of £69,250 on 31 May 1995. 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 |
|---|---|
| £69,250 | 31 May 1995 |
| Semi-Detached |
| Freehold |
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 May 1995 the House Price Index for GREATER LONDON was 26.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 455.734%.Applying this 455.734% change to the original purchase price of £69,250 results in an estimated price of approximately £384,845.
| 31 May 1995 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.4 | 146.7 | 455.734 % | £69,250 | £315,595 | £384,845 |
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 | 665.334 % | £460,744 | £529,994 |
| 3 Month Average | 465.634 % | £322,451 | £391,701 |
| 6 Month Average | 448.760 % | £310,766 | £380,016 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Horace Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Fourth Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Fourth Avenue |