£406,632
This estimated value is based upon the latest sale price for the house of £316,172 on 28 Feb 2017. 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 |
---|---|
£316,172 | 28 Feb 2017 |
£183,500 | 2 Nov 2007 |
Terraced |
Freehold |
Floor Area: 68 sq meters or 731 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 February 2017 the House Price Index for GREATER LONDON was 114.3.
The House Price Index as of 1 Jan 2024 is 147.0 which is a change of 28.611%.Applying this 28.611% change to the original purchase price of £316,172 results in an estimated price of approximately £406,632.
28 Feb 2017 | 1 Jan 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
114.3 | 147.0 | 28.611 % | £316,172 | £90,460 | £406,632 |
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 | 27.369 % | £86,532 | £402,704 |
3 Month Average | 6.977 % | £22,057 | £338,229 |
6 Month Average | 10.886 % | £34,417 | £350,589 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Jul 2023 | £215,707 | £216,000 | 35 OLDCHURCH GARDENS |
20 Feb 2023 | £375,403 | £380,000 | 3 WOLSELEY ROAD |
16 Feb 2023 | £503,831 | £510,000 | 18 DAGENHAM ROAD |
17 Aug 2022 | £364,544 | £370,000 | 10 LILLIPUT ROAD |
30 Jun 2022 | £330,675 | £330,000 | 6 DAGENHAM ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 13 Sep 2016. Using an estimated price of £406,632 means this house is valued at £5,979 per sq meter (£555 per sq foot).
The average size of a house on LILLIPUT ROAD is 93 sq meters (1,007 sq feet).
This house is the smallest in the street with a floor area of 68 sq meters (731 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Anti-social behaviour | On or near East Road | |
Jan 2024 | Violence and sexual offences | Under investigation | On or near East Road |
Jan 2024 | Anti-social behaviour | On or near East Road | |
Jan 2024 | Anti-social behaviour | On or near East Road | |
Jan 2024 | Anti-social behaviour | On or near East Road |