£949,623
This estimated value is based upon the latest sale price for the house of £260,000 on 16 Aug 2000. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £260,000 | 16 Aug 2000 |
| Detached |
| Freehold |
| Floor Area: 182 sq meters or 1,959 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 August 2000 the House Price Index for GREATER LONDON was 40.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 265.240%.Applying this 265.240% change to the original purchase price of £260,000 results in an estimated price of approximately £949,623.
| 16 Aug 2000 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.2 | 146.7 | 265.240 % | £260,000 | £689,623 | £949,623 |
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 | 213.316 % | £554,621 | £814,621 |
| 3 Month Average | 222.646 % | £578,879 | £838,879 |
| 6 Month Average | 209.523 % | £544,759 | £804,759 |
This house has a floor area of 182 sq meters or 1,959 sq feet when measured on 28 Jul 2020.
The average size of a house on BRENTWOOD ROAD is 108 sq meters (1,169 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Eugene Close |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Brentwood Road |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Mulberry Close |
| Dec 2023 | Shoplifting | Investigation complete; no suspect identified | On or near Mulberry Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Barnfield Walk |