£298,060
This estimated value is based upon the latest sale price for the house of £178,000 on 7 May 2010. 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 Medway Close
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1 Collier Row Road, Romford, RM5 3NP
Phone: 01708573005
| Price Paid | Date |
|---|---|
| £178,000 | 7 May 2010 |
| £181,000 | 29 Mar 2007 |
| £168,000 | 21 Dec 2006 |
| Terraced |
| Freehold |
| Floor Area: 68 sq meters or 736 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 May 2010 the House Price Index for GREATER LONDON was 87.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 67.450%.Applying this 67.450% change to the original purchase price of £178,000 results in an estimated price of approximately £298,060.
| 7 May 2010 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.6 | 146.7 | 67.450 % | £178,000 | £120,060 | £298,060 |
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 | 170.498 % | £303,486 | £481,486 |
| 3 Month Average | 91.467 % | £162,811 | £340,811 |
| 6 Month Average | 91.256 % | £162,436 | £340,436 |
This house has a floor area of 68 sq meters or 736 sq feet when measured on 12 Oct 2009.
The average size of a house on VICTORY WAY is 86 sq meters (936 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Under investigation | On or near Medway Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Medway Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Medway Close |
| Jan 2024 | Anti-social behaviour | On or near Lynton Avenue | |
| Jan 2024 | Anti-social behaviour | On or near Lynton Avenue |