£810,382
This estimated value is based upon the latest sale price for the house of £780,000 on 7 Jan 2022. 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 |
|---|---|
| £780,000 | 7 Jan 2022 |
| £582,500 | 9 Jan 2015 |
| £495,000 | 27 Jul 2007 |
| Semi-Detached |
| Freehold |
| Floor Area: 192 sq meters or 2,066 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 January 2022 the House Price Index for GREATER LONDON was 141.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 3.895%.Applying this 3.895% change to the original purchase price of £780,000 results in an estimated price of approximately £810,382.
| 7 Jan 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.2 | 146.7 | 3.895 % | £780,000 | £30,382 | £810,382 |
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 | -14.094 % | £-109,932 | £670,067 |
| 3 Month Average | 13.330 % | £103,971 | £883,971 |
| 6 Month Average | 14.545 % | £113,449 | £893,449 |
This house has a floor area of 192 sq meters or 2,066 sq feet when measured on 27 Sep 2013.
The average size of a house on WAYSIDE CLOSE is 220 sq meters (2,368 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Woodlands Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Brockton Close |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Sydenham Close |