£300,261
This estimated value is based upon the latest sale price for the house of £246,600 on 19 Jul 2019. 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 |
|---|---|
| £246,600 | 19 Jul 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 60 sq meters or 645 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 July 2019 the House Price Index for GREATER LONDON was 120.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 21.760%.Applying this 21.760% change to the original purchase price of £246,600 results in an estimated price of approximately £300,261.
| 19 Jul 2019 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 146.7 | 21.760 % | £246,600 | £53,661 | £300,261 |
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 | 20.450 % | £50,429 | £297,029 |
| 3 Month Average | 9.396 % | £23,169 | £269,769 |
| 6 Month Average | 9.260 % | £22,835 | £269,435 |
This house has a floor area of 60 sq meters or 645 sq feet when measured on 17 Jul 2012.
The average size of a house on SCHOLARS WAY is 72 sq meters (776 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lawrence Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Loom Grove |
| Jan 2024 | Anti-social behaviour | On or near Oxford Close | |
| Jan 2024 | Anti-social behaviour | On or near Oxford Close | |
| Jan 2024 | Anti-social behaviour | On or near Oxford Close |