£431,727
This estimated value is based upon the latest sale price for the house of £325,000 on 28 Sep 2016. 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 |
|---|---|
| £325,000 | 28 Sep 2016 |
| Terraced |
| Freehold |
| Floor Area: 103 sq meters or 1,108 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 September 2016 the House Price Index for GREATER LONDON was 111.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 32.839%.Applying this 32.839% change to the original purchase price of £325,000 results in an estimated price of approximately £431,727.
| 28 Sep 2016 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.9 | 148.6 | 32.839 % | £325,000 | £106,727 | £431,727 |
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 | -8.484 % | £-27,574 | £297,425 |
| 3 Month Average | 2.552 % | £8,294 | £333,294 |
| 6 Month Average | 19.851 % | £64,517 | £389,517 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £279,133 | £275,000 | 8A GREAT CULLINGS |
| 23 Jun 2023 | £239,906 | £237,000 | 34 GREAT CULLINGS |
| 20 Jun 2023 | £404,905 | £400,000 | 80 GREAT CULLINGS |
| 10 Feb 2023 | £404,728 | £405,000 | 50 GREAT CULLINGS |
| 27 Jan 2023 | £233,898 | £235,000 | 177 GREAT CULLINGS |
This house has a floor area of 103 sq meters or 1,108 sq feet when measured on 12 May 2016. Using an estimated price of £431,727 means this house is valued at £4,191 per sq meter (£389 per sq foot).
The average size of a house on GREAT CULLINGS is 87 sq meters (942 sq feet).