£264,027
This estimated value is based upon the latest sale price for the house of £215,000 on 7 Jun 2018. 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 |
---|---|
£215,000 | 7 Jun 2018 |
£134,000 | 5 Mar 2010 |
£175,000 | 25 Apr 2007 |
Flats/Maisonettes |
Leasehold |
Floor Area: 31 sq meters or 333 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 June 2018 the House Price Index for GREATER LONDON was 119.5.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 22.804%.Applying this 22.804% change to the original purchase price of £215,000 results in an estimated price of approximately £264,027.
7 Jun 2018 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.5 | 146.7 | 22.804 % | £215,000 | £49,027 | £264,027 |
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 | -3.363 % | £-7,231 | £207,768 |
3 Month Average | 5.085 % | £10,933 | £225,933 |
6 Month Average | 6.764 % | £14,543 | £229,543 |
This house has a floor area of 31 sq meters or 333 sq feet when measured on 24 Jul 2019.
The average size of a house on HEATH PARK ROAD is 109 sq meters (1,176 sq feet).
This house is the smallest in the street with a floor area of 31 sq meters (333 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Hastings Road |
Jan 2024 | Anti-social behaviour | On or near Lytton Road | |
Jan 2024 | Anti-social behaviour | On or near Lytton Road | |
Jan 2024 | Anti-social behaviour | On or near Lytton Road | |
Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lawrence Road |