£431,036
This estimated value is based upon the latest sale price for the house of £400,000 on 30 Sep 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1 Collier Row Road, Romford, RM5 3NP
Phone: 01708573005
Price Paid | Date |
---|---|
£400,000 | 30 Sep 2021 |
£124,000 | 12 Oct 2001 |
£78,000 | 7 Oct 1999 |
Terraced |
Freehold |
Floor Area: 92 sq meters or 990 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 2021 the House Price Index for GREATER LONDON was 137.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 7.759%.Applying this 7.759% change to the original purchase price of £400,000 results in an estimated price of approximately £431,036.
30 Sep 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
137.9 | 148.6 | 7.759 % | £400,000 | £31,036 | £431,036 |
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 | -15.626 % | £-62,504 | £337,495 |
3 Month Average | -8.688 % | £-34,752 | £365,247 |
6 Month Average | -1.265 % | £-5,058 | £394,941 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £452,925 | £445,000 | 124 MARLBOROUGH ROAD |
30 Nov 2023 | £271,012 | £267,000 | FLAT 9 CALGARY COURT, 117 MARLBOROUGH ROAD |
31 Jul 2023 | £268,615 | £265,000 | 30 BLANDFORD CLOSE |
9 Aug 2022 | £433,832 | £435,000 | 107 MARLBOROUGH ROAD |
24 Jun 2022 | £431,092 | £425,000 | 138 MARLBOROUGH ROAD |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 13 Sep 2021. Using an estimated price of £431,037 means this house is valued at £4,685 per sq meter (£435 per sq foot).
The average size of a house on MARLBOROUGH ROAD is 89 sq meters (968 sq feet).