£401,745
This estimated value is based upon the latest sale price for the house of £109,995 on 11 Aug 2000. 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 |
|---|---|
| £109,995 | 11 Aug 2000 |
| £55,000 | 8 Dec 1995 |
| Terraced |
| Freehold |
| Floor Area: 102 sq meters or 1,097 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 2000 the House Price Index for GREATER LONDON was 40.2.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 265.240%.Applying this 265.240% change to the original purchase price of £109,995 results in an estimated price of approximately £401,745.
| 11 Aug 2000 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 40.2 | 146.7 | 265.240 % | £109,995 | £291,750 | £401,745 |
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 | 342.910 % | £377,184 | £487,179 |
| 3 Month Average | 251.135 % | £276,236 | £386,231 |
| 6 Month Average | 262.983 % | £289,268 | £399,263 |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 30 Jan 2014.
The average size of a house on GREAT CULLINGS is 87 sq meters (942 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Great Cullings |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Fuchsia Close |