£682,771
This estimated value is based upon the latest sale price for the house of £552,000 on 3 Aug 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
| Price Paid | Date |
|---|---|
| £552,000 | 3 Aug 2018 |
| Semi-Detached |
| Freehold |
| Floor Area: 111 sq meters or 1,194 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 August 2018 the House Price Index for GREATER LONDON was 120.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.690%.Applying this 23.690% change to the original purchase price of £552,000 results in an estimated price of approximately £682,771.
| 3 Aug 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 148.6 | 23.690 % | £552,000 | £130,771 | £682,771 |
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 | 108.440 % | £598,590 | £1,150,590 |
| 3 Month Average | 32.972 % | £182,004 | £734,004 |
| 6 Month Average | 27.564 % | £152,155 | £704,155 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Mar 2024 | £515,000 | £515,000 | 101 FAIRHOLME AVENUE |
| 22 Aug 2023 | £431,777 | £428,000 | 107 CARLTON ROAD |
| 19 Jul 2023 | £658,868 | £650,000 | 27 HEATH PARK ROAD |
| 28 Apr 2023 | £379,082 | £375,000 | 2 ACADEMY SQUARE, 1 ACADEMY FIELDS ROAD |
| 4 Apr 2023 | £510,497 | £505,000 | 188 CARLTON ROAD |
This house has a floor area of 111 sq meters or 1,194 sq feet when measured on 14 Jun 2017. Using an estimated price of £682,771 means this house is valued at £6,151 per sq meter (£571 per sq foot).
The average size of a house on FAIRHOLME AVENUE is 130 sq meters (1,405 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Carlton Road |
| Jan 2024 | Burglary | Under investigation | On or near James Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near James Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near James Close |
| Jan 2024 | Anti-social behaviour | On or near Oxford Close |