£389,940
This estimated value is based upon the latest sale price for the house of £240,000 on 29 Nov 2013. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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221 Pettits Lane North, Romford, RM1 4NU
Phone: 01708629337
| Price Paid | Date |
|---|---|
| £240,000 | 29 Nov 2013 |
| Semi-Detached |
| Freehold |
| Floor Area: 76 sq meters or 826 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 November 2013 the House Price Index for GREATER LONDON was 91.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 62.475%.Applying this 62.475% change to the original purchase price of £240,000 results in an estimated price of approximately £389,940.
| 29 Nov 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 91.5 | 148.6 | 62.475 % | £240,000 | £149,940 | £389,940 |
The Postcode Pricing Model uses changes in average sales price within the RM2 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 | 65.816 % | £157,957 | £397,957 |
| 3 Month Average | 62.220 % | £149,328 | £389,328 |
| 6 Month Average | 54.911 % | £131,786 | £371,786 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Mar 2024 | £970,000 | £970,000 | 41 PARKWAY |
| 18 Dec 2023 | £758,267 | £745,000 | 88 PARKWAY |
| 24 Jul 2023 | £1,013,643 | £1,000,000 | 20 BROOK ROAD |
| 21 Jul 2023 | £380,116 | £375,000 | 316 EASTERN AVENUE EAST |
| 14 Jul 2023 | £481,480 | £475,000 | 304 EASTERN AVENUE EAST |
This house has a floor area of 76 sq meters or 826 sq feet when measured on 4 Oct 2010. Using an estimated price of £389,940 means this house is valued at £5,080 per sq meter (£472 per sq foot).
The average size of a house on EASTERN AVENUE EAST is 96 sq meters (1,035 sq feet).