£976,535
This estimated value is based upon the latest sale price for the house of £575,000 on 18 Mar 2011. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Millbrook Gardens
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £575,000 | 18 Mar 2011 |
| Detached |
| Freehold |
| Floor Area: 160 sq meters or 1,724 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 March 2011 the House Price Index for GREATER LONDON was 86.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 69.832%.Applying this 69.832% change to the original purchase price of £575,000 results in an estimated price of approximately £976,535.
| 18 Mar 2011 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.4 | 146.7 | 69.832 % | £575,000 | £401,535 | £976,535 |
The Postcode Pricing Model uses changes in average sales price within the RM2 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 | 70.552 % | £405,673 | £980,673 |
| 3 Month Average | 52.939 % | £304,399 | £879,399 |
| 6 Month Average | 58.377 % | £335,668 | £910,668 |
This house has a floor area of 160 sq meters or 1,724 sq feet when measured on 30 Sep 2010.
The average size of a house on PARKWAY is 199 sq meters (2,144 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Burglary | Investigation complete; no suspect identified | On or near Millbrook Gardens |