£317,637
This estimated value is based upon the latest sale price for the house of £192,000 on 8 Jan 2007. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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54a Station Road, Romford, RM6 4BU
Phone: 02080222778
| Price Paid | Date |
|---|---|
| £192,000 | 8 Jan 2007 |
| Terraced |
| Leasehold |
| Floor Area: 66 sq meters or 710 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 January 2007 the House Price Index for GREATER LONDON was 90.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 65.436%.Applying this 65.436% change to the original purchase price of £192,000 results in an estimated price of approximately £317,637.
| 8 Jan 2007 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.5 | 149.7 | 65.436 % | £192,000 | £125,637 | £317,637 |
The Postcode Pricing Model uses changes in average sales price within the RM8 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 | -42.377 % | £-81,363 | £110,636 |
| 3 Month Average | 97.330 % | £186,872 | £378,872 |
| 6 Month Average | 92.477 % | £177,555 | £369,555 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Mar 2024 | £360,539 | £355,000 | 30 HEATH ROAD |
| 13 Mar 2024 | £345,305 | £340,000 | 35 HEATH ROAD |
| 17 Feb 2023 | £417,791 | £415,000 | 94 LYMINGTON ROAD |
| 20 Jun 2022 | £414,868 | £406,000 | 76 LYMINGTON ROAD |
| 3 Dec 2021 | £192,117 | £178,000 | APARTMENT 501 SPECTRUM BUILDING, 22 FRESHWATER ROAD |
This house has a floor area of 66 sq meters or 710 sq feet when measured on 10 Aug 2009. Using an estimated price of £317,638 means this house is valued at £4,811 per sq meter (£446 per sq foot).
The average size of a house on FRESHWATER ROAD is 60 sq meters (648 sq feet).