£244,444
This estimated value is based upon the latest sale price for the house of £220,000 on 31 Aug 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Queens Court, 9-17 Eastern Road, Romford, RM1 3NH
Phone: 02036414519
| Price Paid | Date |
|---|---|
| £220,000 | 31 Aug 2021 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 68 sq meters or 731 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 August 2021 the House Price Index for GREATER LONDON was 133.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 11.111%.Applying this 11.111% change to the original purchase price of £220,000 results in an estimated price of approximately £244,444.
| 31 Aug 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.2 | 148.0 | 11.111 % | £220,000 | £24,444 | £244,444 |
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 | -33.261 % | £-73,173 | £146,826 |
| 3 Month Average | 5.345 % | £11,759 | £231,759 |
| 6 Month Average | 11.666 % | £25,664 | £245,664 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Nov 2023 | £737,467 | £728,000 | 88 EASTERN ROAD |
| 16 Jun 2023 | £171,390 | £170,000 | 26C ALBERT ROAD |
| 16 Feb 2023 | £248,823 | £250,000 | FLAT 2 24 ALBERT ROAD |
| 16 Feb 2023 | £273,705 | £275,000 | FLAT 3 24 ALBERT ROAD |
| 16 Feb 2023 | £223,941 | £225,000 | FLAT 1 24 ALBERT ROAD |
This house has a floor area of 68 sq meters or 731 sq feet when measured on 22 Aug 2016. Using an estimated price of £244,444 means this house is valued at £3,594 per sq meter (£333 per sq foot).
The average size of a house on VICTORIA ROAD is 69 sq meters (747 sq feet).