£227,620
This estimated value is based upon the latest sale price for the house of £222,500 on 25 Mar 2022. 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 |
|---|---|
| £222,500 | 25 Mar 2022 |
| £161,000 | 9 Jan 2015 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 49 sq meters or 527 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 March 2022 the House Price Index for GREATER LONDON was 143.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 2.301%.Applying this 2.301% change to the original purchase price of £222,500 results in an estimated price of approximately £227,620.
| 25 Mar 2022 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 143.4 | 146.7 | 2.301 % | £222,500 | £5,120 | £227,620 |
The Postcode Pricing Model uses changes in average sales price within the RM1 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 | -71.044 % | £-158,072 | £64,427 |
| 3 Month Average | 19.314 % | £42,973 | £265,473 |
| 6 Month Average | 16.742 % | £37,250 | £259,750 |
This house has a floor area of 49 sq meters or 527 sq feet when measured on 20 Aug 2021.
The average size of a house on MARKET LINK is 52 sq meters (563 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Drugs | Local resolution | On or near Ducking Stool Court |
| Jan 2024 | Anti-social behaviour | On or near Market Link | |
| Jan 2024 | Drugs | Under investigation | On or near Market Link |
| Jan 2024 | Anti-social behaviour | On or near Market Link | |
| Jan 2024 | Anti-social behaviour | On or near Market Link |