£218,335
This estimated value is based upon the latest sale price for the house of £97,500 on 10 Oct 2003. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
| Price Paid | Date |
|---|---|
| £97,500 | 10 Oct 2003 |
| £46,000 | 30 Sep 1998 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 36 sq meters or 387 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 October 2003 the House Price Index for GREATER LONDON was 66.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 123.933%.Applying this 123.933% change to the original purchase price of £97,500 results in an estimated price of approximately £218,335.
| 10 Oct 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 66.4 | 148.6 | 123.933 % | £97,500 | £120,835 | £218,335 |
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 | 221.454 % | £215,917 | £313,417 |
| 3 Month Average | 132.948 % | £129,623 | £227,123 |
| 6 Month Average | 126.099 % | £122,946 | £220,446 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Sep 2023 | £420,375 | £415,000 | 167 MARKS ROAD |
| 28 Apr 2023 | £385,147 | £381,000 | 225 MARKS ROAD |
| 6 Apr 2023 | £363,918 | £360,000 | 17 PALM ROAD |
| 31 Mar 2023 | £415,918 | £412,000 | 74 MILDMAY ROAD |
| 25 Jul 2022 | £396,066 | £395,000 | 145 MARKS ROAD |
This house has a floor area of 36 sq meters or 387 sq feet when measured on 17 Jul 2018. Using an estimated price of £218,335 means this house is valued at £6,064 per sq meter (£563 per sq foot).
The average size of a house on BARKWOOD CLOSE is 43 sq meters (470 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Barkwood Close |