£288,659
This estimated value is based upon the latest sale price for the house of £230,000 on 8 Jan 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 |
|---|---|
| £230,000 | 8 Jan 2018 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 45 sq meters or 489 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 January 2018 the House Price Index for GREATER LONDON was 118.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 25.504%.Applying this 25.504% change to the original purchase price of £230,000 results in an estimated price of approximately £288,659.
| 8 Jan 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 118.4 | 148.6 | 25.504 % | £230,000 | £58,659 | £288,659 |
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 | 70.258 % | £161,593 | £391,593 |
| 3 Month Average | 12.731 % | £29,280 | £259,280 |
| 6 Month Average | 11.719 % | £26,953 | £256,953 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Nov 2023 | £81,710 | £80,500 | FLAT 40 COLVERN HOUSE SPRING GARDENS |
| 11 Jan 2023 | £298,593 | £300,000 | FLAT 47 COLVERN HOUSE SPRING GARDENS |
| 9 Sep 2022 | £384,892 | £388,000 | 198 LONDON ROAD |
| 7 Sep 2022 | £316,941 | £319,500 | 200 LONDON ROAD |
| 30 Aug 2022 | £244,342 | £245,000 | FLAT 37 COLVERN HOUSE SPRING GARDENS |
This house has a floor area of 45 sq meters or 489 sq feet when measured on 26 Jan 2012. Using an estimated price of £288,659 means this house is valued at £6,352 per sq meter (£590 per sq foot).
The average size of a house on SPRING GARDENS is 61 sq meters (664 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Spring Gardens |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Spring Gardens |
| Dec 2023 | Other theft | Investigation complete; no suspect identified | On or near Spring Gardens |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Recreation Avenue |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Richards Avenue |