£349,441
This estimated value is based upon the latest sale price for the house of £222,000 on 17 Mar 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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27 Gobions Avenue, Romford, RM5 3SS
Phone: 01708954923
Price Paid | Date |
---|---|
£222,000 | 17 Mar 2014 |
Terraced |
Freehold |
Floor Area: 73 sq meters or 785 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 March 2014 the House Price Index for GREATER LONDON was 94.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 57.406%.Applying this 57.406% change to the original purchase price of £222,000 results in an estimated price of approximately £349,441.
17 Mar 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.4 | 148.6 | 57.406 % | £222,000 | £127,441 | £349,441 |
The Postcode Pricing Model uses changes in average sales price within the RM5 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 | 87.498 % | £194,246 | £416,246 |
3 Month Average | 56.409 % | £125,227 | £347,227 |
6 Month Average | 68.036 % | £151,040 | £373,040 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
10 Nov 2023 | £418,191 | £412,000 | 8 MERLIN CLOSE |
8 Sep 2023 | £405,181 | £400,000 | 248 HIGHFIELD ROAD |
17 Jul 2023 | £440,935 | £435,000 | 52 AVELON ROAD |
15 Jun 2023 | £506,131 | £500,000 | 43 AVELON ROAD |
31 Mar 2023 | £398,757 | £395,000 | 30 MERLIN GARDENS |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 11 Jun 2014. Using an estimated price of £349,442 means this house is valued at £4,786 per sq meter (£444 per sq foot).
The average size of a house on MERLIN ROAD is 91 sq meters (990 sq feet).