£198,447
This estimated value is based upon the latest sale price for the house of £190,000 on 25 Feb 2022. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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471 Romford Road, Forest Gate, London, E7 8AB
Phone: 02080335952
| Price Paid | Date |
|---|---|
| £190,000 | 25 Feb 2022 |
| £190,000 | 25 Feb 2022 |
| Flats/Maisonettes |
| Leasehold |
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 February 2022 the House Price Index for GREATER LONDON was 141.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 4.446%.Applying this 4.446% change to the original purchase price of £190,000 results in an estimated price of approximately £198,447.
| 25 Feb 2022 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 141.7 | 148.0 | 4.446 % | £190,000 | £8,447 | £198,447 |
The Postcode Pricing Model uses changes in average sales price within the E7 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 | -13.260 % | £-25,194 | £164,805 |
| 3 Month Average | 27.417 % | £52,092 | £242,092 |
| 6 Month Average | 5.377 % | £10,217 | £200,217 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Apr 2023 | £730,429 | £725,000 | 35 GREEN STREET |
| 1 Jul 2022 | £237,679 | £238,000 | 3B ST DUNSTANS ROAD |
| 1 Jun 2022 | £474,812 | £470,000 | 36 GREEN STREET |
| 25 Feb 2022 | £198,447 | £190,000 | FLAT 19 FORBES HOUSE, 370 ROMFORD ROAD |
| 31 Jan 2022 | £500,496 | £477,500 | 7 FINDEN ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Drugs | Under investigation | On or near Finden Road |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Finden Road |
| Mar 2024 | Theft from the person | Under investigation | On or near Finden Road |