£402,426
This estimated value is based upon the latest sale price for the house of £330,000 on 15 Feb 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £330,000 | 15 Feb 2019 |
| £215,000 | 28 Jan 2011 |
| £155,000 | 8 Apr 2010 |
| Terraced |
| Freehold |
| Floor Area: 79 sq meters or 857 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 February 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.947%.Applying this 21.947% change to the original purchase price of £330,000 results in an estimated price of approximately £402,426.
| 15 Feb 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 146.7 | 21.947 % | £330,000 | £72,426 | £402,426 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | -59.480 % | £-196,285 | £133,714 |
| 3 Month Average | 15.002 % | £49,505 | £379,505 |
| 6 Month Average | 21.563 % | £71,159 | £401,159 |
This house has a floor area of 79 sq meters or 857 sq feet when measured on 29 Jun 2010.
The average size of a house on FIR TREE CLOSE is 101 sq meters (1,097 sq feet).
This house is the smallest in the street with a floor area of 79 sq meters (857 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Fir Tree Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parkside Avenue |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Parkside Avenue |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Parkside Avenue |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Fontayne Avenue |