£458,505
This estimated value is based upon the latest sale price for the house of £250,000 on 23 Jan 2009. 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 |
|---|---|
| £250,000 | 23 Jan 2009 |
| £104,000 | 3 Feb 1999 |
| Semi-Detached |
| Freehold |
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 2009 the House Price Index for GREATER LONDON was 81.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 83.402%.Applying this 83.402% change to the original purchase price of £250,000 results in an estimated price of approximately £458,505.
| 23 Jan 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.0 | 148.6 | 83.402 % | £250,000 | £208,505 | £458,505 |
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 | 12.511 % | £31,276 | £281,276 |
| 3 Month Average | 113.117 % | £282,792 | £532,792 |
| 6 Month Average | 109.216 % | £273,039 | £523,039 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 9 Aug 2023 | £378,310 | £375,000 | 16 MOWBRAYS ROAD |
| 9 Jun 2023 | £455,518 | £450,000 | 27 WILLIAM CLOSE |
| 17 Feb 2023 | £459,691 | £460,000 | 5 MOWBRAYS ROAD |
| 7 Feb 2023 | £239,839 | £240,000 | 11 WILLIAM CLOSE |
| 31 Jan 2023 | £625,553 | £628,500 | 59 MASHITERS HILL |