£320,305
This estimated value is based upon the latest sale price for the house of £300,000 on 8 Nov 2021. 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 |
|---|---|
| £300,000 | 8 Nov 2021 |
| Terraced |
| Freehold |
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 2021 the House Price Index for GREATER LONDON was 137.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 6.769%.Applying this 6.769% change to the original purchase price of £300,000 results in an estimated price of approximately £320,305.
| 8 Nov 2021 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 137.4 | 146.7 | 6.769 % | £300,000 | £20,305 | £320,305 |
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 | -45.246 % | £-135,737 | £164,262 |
| 3 Month Average | -6.928 % | £-20,782 | £279,217 |
| 6 Month Average | 1.645 % | £4,935 | £304,935 |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Takeley Close |
| Dec 2023 | Violence and sexual offences | Awaiting court outcome | On or near Takeley Close |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Horndon Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Horndon Road |
| Jan 2024 | Drugs | Local resolution | On or near Mowbrays Road |