£356,692
This estimated value is based upon the latest sale price for the house of £218,000 on 17 Oct 2013. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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55 Laurel Crescent, Romford, RM7 0RU
Phone: 01708573981
| Price Paid | Date |
|---|---|
| £218,000 | 17 Oct 2013 |
| £197,500 | 15 Oct 2004 |
| £79,750 | 24 Nov 1999 |
| Terraced |
| Freehold |
| Floor Area: 78 sq meters or 839 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 October 2013 the House Price Index for GREATER LONDON was 90.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 63.621%.Applying this 63.621% change to the original purchase price of £218,000 results in an estimated price of approximately £356,692.
| 17 Oct 2013 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 90.8 | 148.6 | 63.621 % | £218,000 | £138,692 | £356,692 |
The Postcode Pricing Model uses changes in average sales price within the RM7 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 | 56.743 % | £123,700 | £341,700 |
| 3 Month Average | 71.197 % | £155,208 | £373,208 |
| 6 Month Average | 85.766 % | £186,969 | £404,969 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Sep 2023 | £430,504 | £425,000 | 25 DANDELION CLOSE |
| 31 Aug 2023 | £363,177 | £360,000 | 14 DANDELION CLOSE |
| 23 Jun 2023 | £239,906 | £237,000 | 34 GREAT CULLINGS |
| 10 Feb 2023 | £404,728 | £405,000 | 50 GREAT CULLINGS |
| 25 Mar 2022 | £347,148 | £335,000 | 34 DANDELION CLOSE |
This house has a floor area of 78 sq meters or 839 sq feet when measured on 31 Jan 2013. Using an estimated price of £356,693 means this house is valued at £4,572 per sq meter (£424 per sq foot).
The average size of a house on GREAT CULLINGS is 87 sq meters (942 sq feet).