£334,246
This estimated value is based upon the latest sale price for the house of £295,000 on 7 Dec 2020. 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 |
|---|---|
| £295,000 | 7 Dec 2020 |
| £230,000 | 29 Jun 2015 |
| £230,000 | 29 Jun 2015 |
| £200,000 | 30 May 2008 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 December 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 13.304%.Applying this 13.304% change to the original purchase price of £295,000 results in an estimated price of approximately £334,246.
| 7 Dec 2020 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 146.7 | 13.304 % | £295,000 | £39,246 | £334,246 |
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 | 22.232 % | £65,584 | £360,584 |
| 3 Month Average | 3.794 % | £11,191 | £306,191 |
| 6 Month Average | 2.983 % | £8,800 | £303,800 |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 18 May 2020.
The average size of a house on THOMAS DRIVE is 64 sq meters (690 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 |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Durham Avenue |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Durham Avenue |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Durham Avenue |