£310,659
This estimated value is based upon the latest sale price for the house of £122,500 on 19 Dec 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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5 Old Mill Parade, Victoria Road, Romford, RM1 2HU
Phone: 01708573434
| Price Paid | Date |
|---|---|
| £122,500 | 19 Dec 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 33 sq meters or 355 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 2002 the House Price Index for GREATER LONDON was 58.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 153.600%.Applying this 153.600% change to the original purchase price of £122,500 results in an estimated price of approximately £310,659.
| 19 Dec 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 58.6 | 148.6 | 153.600 % | £122,500 | £188,159 | £310,659 |
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 | -20.290 % | £-24,855 | £97,644 |
| 3 Month Average | 148.441 % | £181,840 | £304,340 |
| 6 Month Average | 151.998 % | £186,197 | £308,697 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £40,601 | £40,000 | UNIT 1-2 14 VICTORIA ROAD |
| 23 Jun 2023 | £179,170 | £177,000 | FLAT 12A VICTORIA HOUSE VICTORIA ROAD |
| 13 Jun 2023 | £1,265,327 | £1,250,000 | 44 VICTORIA ROAD |
| 28 Feb 2023 | £204,862 | £205,000 | FLAT 19 PORTMAN HOUSE, 16 - 20 VICTORIA ROAD |
| 11 Jul 2022 | £481,296 | £480,000 | 21 KINGSMEAD AVENUE |
This house has a floor area of 33 sq meters or 355 sq feet when measured on 17 Jun 2014. Using an estimated price of £310,660 means this house is valued at £9,413 per sq meter (£874 per sq foot).
The average size of a house on ALEXANDRA ROAD is 56 sq meters (610 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Alexandra Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Alexandra Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Alexandra Road |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Alexandra Road |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Marden Road |