£497,799
This estimated value is based upon the latest sale price for the house of £400,000 on 4 Jan 2019. 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 |
|---|---|
| £400,000 | 4 Jan 2019 |
| Semi-Detached |
| Freehold |
| Floor Area: 73 sq meters or 785 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 2019 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.450%.Applying this 24.450% change to the original purchase price of £400,000 results in an estimated price of approximately £497,799.
| 4 Jan 2019 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 149.7 | 24.450 % | £400,000 | £97,799 | £497,799 |
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 | 45.285 % | £181,141 | £581,141 |
| 3 Month Average | 19.000 % | £76,000 | £476,000 |
| 6 Month Average | 17.385 % | £69,538 | £469,538 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Dec 2023 | £484,900 | £470,000 | 25 CLYDE WAY |
| 4 Dec 2023 | £490,059 | £475,000 | 14 BEAULY WAY |
| 29 Sep 2023 | £424,355 | £415,000 | 5 DEVERON WAY |
| 22 Sep 2023 | £531,721 | £520,000 | 16 AYR WAY |
| 28 Feb 2023 | £352,354 | £350,000 | 7 DEVERON WAY |
This house has a floor area of 73 sq meters or 785 sq feet when measured on 1 Nov 2018. Using an estimated price of £497,800 means this house is valued at £6,819 per sq meter (£633 per sq foot).
The average size of a house on CLYDE WAY is 101 sq meters (1,094 sq feet).