£310,387
This estimated value is based upon the latest sale price for the house of £168,000 on 14 Feb 2005. 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 |
---|---|
£168,000 | 14 Feb 2005 |
£81,500 | 14 Jul 1999 |
Flats/Maisonettes |
Leasehold |
Floor Area: 54 sq meters or 588 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 February 2005 the House Price Index for GREATER LONDON was 79.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 84.755%.Applying this 84.755% change to the original purchase price of £168,000 results in an estimated price of approximately £310,387.
14 Feb 2005 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
79.4 | 146.7 | 84.755 % | £168,000 | £142,387 | £310,387 |
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 | -22.749 % | £-38,218 | £129,781 |
3 Month Average | 107.458 % | £180,528 | £348,528 |
6 Month Average | 88.576 % | £148,807 | £316,807 |
This house has a floor area of 54 sq meters or 588 sq feet when measured on 5 Aug 2009.
The average size of a house on SOUTH STREET is 67 sq meters (727 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Maltings |
Dec 2023 | Possession of weapons | Under investigation | On or near The Maltings |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Maltings |
Jan 2024 | Drugs | Under investigation | On or near Lennox Close |
Jan 2024 | Vehicle crime | Under investigation | On or near Lennox Close |