£508,668
This estimated value is based upon the latest sale price for the house of £370,000 on 26 Nov 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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27 Gobions Avenue, Romford, RM5 3SS
Phone: 01708954923
| Price Paid | Date |
|---|---|
| £370,000 | 26 Nov 2015 |
| Detached |
| Freehold |
| Floor Area: 121 sq meters or 1,302 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 November 2015 the House Price Index for GREATER LONDON was 106.7.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 37.478%.Applying this 37.478% change to the original purchase price of £370,000 results in an estimated price of approximately £508,668.
| 26 Nov 2015 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 106.7 | 146.7 | 37.478 % | £370,000 | £138,668 | £508,668 |
The Postcode Pricing Model uses changes in average sales price within the RM5 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 | -10.336 % | £-38,244 | £331,755 |
| 3 Month Average | 8.525 % | £31,544 | £401,544 |
| 6 Month Average | 33.915 % | £125,486 | £495,486 |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 9 Oct 2013.
The average size of a house on PACEHEATH CLOSE is 134 sq meters (1,445 sq feet).
This house is the largest in the street with a floor area of 121 sq meters (1,302 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Mount Pleasant Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Chelmsford Avenue |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Chelmsford Avenue |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Chase Cross Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Highfield Road |