£219,777
This estimated value is based upon the latest sale price for the house of £143,500 on 2 Nov 2007. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Faith Close, Gidea Park, Romford, Essex, RM2 5BF
Phone: 01708954867
Price Paid | Date |
---|---|
£143,500 | 2 Nov 2007 |
£119,995 | 18 Oct 2005 |
£112,500 | 13 Mar 2003 |
£53,000 | 28 May 1997 |
Flats/Maisonettes |
Leasehold |
Floor Area: 57 sq meters or 613 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 November 2007 the House Price Index for GREATER LONDON was 95.8.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 53.155%.Applying this 53.155% change to the original purchase price of £143,500 results in an estimated price of approximately £219,777.
2 Nov 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
95.8 | 146.7 | 53.155 % | £143,500 | £76,277 | £219,777 |
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 | 66.390 % | £95,269 | £238,769 |
3 Month Average | 72.940 % | £104,669 | £248,169 |
6 Month Average | 69.295 % | £99,438 | £242,938 |
This house has a floor area of 57 sq meters or 613 sq feet when measured on 10 Oct 2013.
The average size of a house on COMPTON AVENUE is 80 sq meters (868 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Under investigation | On or near Thomas Drive |
Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Thomas Drive |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Eyre Close |
Jan 2024 | Violence and sexual offences | Under investigation | On or near Eyre Close |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Durham Avenue |