£523,712
This estimated value is based upon the latest sale price for the house of £425,000 on 9 Nov 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
| Price Paid | Date |
|---|---|
| £425,000 | 9 Nov 2018 |
| Terraced |
| 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 2018 the House Price Index for GREATER LONDON was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £425,000 results in an estimated price of approximately £523,712.
| 9 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £425,000 | £98,712 | £523,712 |
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 | 41.298 % | £175,516 | £600,516 |
| 3 Month Average | 14.456 % | £61,438 | £486,438 |
| 6 Month Average | 7.810 % | £33,193 | £458,193 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Sep 2023 | £425,440 | £420,000 | 65 COMO STREET |
| 13 Sep 2023 | £326,677 | £322,500 | 82 COMO STREET |
| 12 Jan 2023 | £463,815 | £466,000 | 43 MAWNEY ROAD |
| 29 Apr 2022 | £344,983 | £335,000 | 26 BROOKLANDS ROAD |
| 20 Dec 2021 | £310,699 | £290,000 | 23A MAWNEY ROAD |
This house has a floor area of 121 sq meters or 1,302 sq feet when measured on 8 May 2018. Using an estimated price of £523,713 means this house is valued at £4,328 per sq meter (£402 per sq foot).
The average size of a house on COMO STREET is 94 sq meters (1,021 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Under investigation | On or near Drummond Avenue |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Como Street |