£196,275
This estimated value is based upon the latest sale price for the house of £124,500 on 9 May 2007. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
Get our free house price tracker.
5 Old Mill Parade, Victoria Road, Romford, RM1 2HU
Phone: 01708573434
| Price Paid | Date |
|---|---|
| £124,500 | 9 May 2007 |
| £114,995 | 20 Dec 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 46 sq meters or 495 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 May 2007 the House Price Index for GREATER LONDON was 93.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 57.651%.Applying this 57.651% change to the original purchase price of £124,500 results in an estimated price of approximately £196,275.
| 9 May 2007 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 93.1 | 146.7 | 57.651 % | £124,500 | £71,775 | £196,275 |
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 | -36.350 % | £-45,255 | £79,244 |
| 3 Month Average | 88.378 % | £110,030 | £234,530 |
| 6 Month Average | 86.735 % | £107,984 | £232,484 |
This house has a floor area of 46 sq meters or 495 sq feet when measured on 13 Feb 2014.
The average size of a house on LENNOX CLOSE is 71 sq meters (770 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Drugs | Under investigation | On or near Lennox Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Lennox Close |
| Jan 2024 | Vehicle crime | Under investigation | On or near Lennox Close |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Lennox Close |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near The Maltings |