£294,317
This estimated value is based upon the latest sale price for the house of £240,000 on 31 Oct 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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116 North Street, Romford, RM1 1DL
Phone: 01708573629
| Price Paid | Date |
|---|---|
| £240,000 | 31 Oct 2019 |
| £199,950 | 18 May 2007 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 63 sq meters or 678 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 2019 the House Price Index for GREATER LONDON was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £240,000 results in an estimated price of approximately £294,317.
| 31 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £240,000 | £54,317 | £294,317 |
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 | -35.947 % | £-86,273 | £153,726 |
| 3 Month Average | 10.795 % | £25,906 | £265,906 |
| 6 Month Average | 17.325 % | £41,581 | £281,581 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 5 Sep 2023 | £106,360 | £105,000 | FLAT 8 BRANT COURT RIVERSIDE CLOSE |
| 24 Feb 2023 | £97,934 | £98,000 | FLAT 18 BRANT COURT RIVERSIDE CLOSE |
| 15 Feb 2023 | £235,841 | £236,000 | 27 ROMSIDE PLACE |
| 25 Nov 2022 | £251,948 | £255,000 | FLAT 4 GRAVENEY COURT RIVERSIDE CLOSE |
| 28 Oct 2022 | £288,988 | £292,100 | FLAT 17 CALDER COURT RIVERSIDE CLOSE |
This house has a floor area of 63 sq meters or 678 sq feet when measured on 28 Mar 2020. Using an estimated price of £294,318 means this house is valued at £4,671 per sq meter (£434 per sq foot).
The average size of a house on RIVERSIDE CLOSE is 61 sq meters (662 sq feet).