£670,335
This estimated value is based upon the latest sale price for the house of £510,000 on 25 Aug 2016. 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 |
|---|---|
| £510,000 | 25 Aug 2016 |
| Semi-Detached |
| Freehold |
| Floor Area: 169 sq meters or 1,819 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 2016 the House Price Index for GREATER LONDON was 111.6.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 31.438%.Applying this 31.438% change to the original purchase price of £510,000 results in an estimated price of approximately £670,335.
| 25 Aug 2016 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.6 | 146.7 | 31.438 % | £510,000 | £160,335 | £670,335 |
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 | -51.444 % | £-262,365 | £247,634 |
| 3 Month Average | 34.997 % | £178,482 | £688,482 |
| 6 Month Average | 28.446 % | £145,075 | £655,075 |
This house has a floor area of 169 sq meters or 1,819 sq feet when measured on 10 Feb 2014.
The average size of a house on HAMILTON AVENUE is 128 sq meters (1,379 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Public order | Under investigation | On or near Ashmour Gardens |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Petrol Station |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Petrol Station |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Petrol Station |
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Petrol Station |