£436,932
This estimated value is based upon the latest sale price for the house of £400,000 on 25 Oct 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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55 Laurel Crescent, Romford, RM7 0RU
Phone: 01708573981
| Price Paid | Date |
|---|---|
| £400,000 | 25 Oct 2021 |
| £325,000 | 2 Feb 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 62 sq meters or 667 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 2021 the House Price Index for GREATER LONDON was 134.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 9.233%.Applying this 9.233% change to the original purchase price of £400,000 results in an estimated price of approximately £436,932.
| 25 Oct 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 134.3 | 146.7 | 9.233 % | £400,000 | £36,932 | £436,932 |
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 | 28.647 % | £114,586 | £514,586 |
| 3 Month Average | 3.578 % | £14,311 | £414,311 |
| 6 Month Average | -2.345 % | £-9,379 | £390,620 |
This house has a floor area of 62 sq meters or 667 sq feet when measured on 22 Jun 2021.
The average size of a house on LILAC GARDENS is 97 sq meters (1,046 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Lilac Gardens |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Lilac Gardens |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Lincoln Avenue |
| Dec 2023 | Anti-social behaviour | On or near Lincoln Avenue | |
| Dec 2023 | Anti-social behaviour | On or near Lincoln Avenue |