£195,017
This estimated value is based upon the latest sale price for the house of £58,000 on 9 Jul 2001. 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 |
---|---|
£58,000 | 9 Jul 2001 |
£32,500 | 21 Jul 1995 |
Flats/Maisonettes |
Leasehold |
Floor Area: 31 sq meters or 333 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 July 2001 the House Price Index for GREATER LONDON was 44.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 236.237%.Applying this 236.237% change to the original purchase price of £58,000 results in an estimated price of approximately £195,017.
9 Jul 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
44.2 | 148.6 | 236.237 % | £58,000 | £137,017 | £195,017 |
The Postcode Pricing Model uses changes in average sales price within the RM5 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 | 341.674 % | £198,171 | £256,171 |
3 Month Average | 240.301 % | £139,374 | £197,374 |
6 Month Average | 253.352 % | £146,944 | £204,944 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
18 Apr 2023 | £434,529 | £429,850 | 10 MAIDSTONE AVENUE |
31 Mar 2022 | £398,961 | £385,000 | 98 HILLFOOT ROAD |
4 Oct 2021 | £177,036 | £160,000 | FLAT 12 HENHAM COURT MOWBRAYS ROAD |
17 Sep 2021 | £215,513 | £199,995 | FLAT 2 HENHAM COURT MOWBRAYS ROAD |
4 Jun 2021 | £536,462 | £500,000 | 141 COLLIER ROW LANE |
This house has a floor area of 31 sq meters or 333 sq feet when measured on 17 Sep 2018. Using an estimated price of £195,018 means this house is valued at £6,290 per sq meter (£584 per sq foot).
The average size of a house on MOWBRAYS ROAD is 75 sq meters (809 sq feet).