£398,698
This estimated value is based upon the latest sale price for the house of £325,000 on 17 Dec 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 |
|---|---|
| £325,000 | 17 Dec 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 64 sq meters or 688 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 December 2019 the House Price Index for GREATER LONDON was 121.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.676%.Applying this 22.676% change to the original purchase price of £325,000 results in an estimated price of approximately £398,698.
| 17 Dec 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.1 | 148.6 | 22.676 % | £325,000 | £73,698 | £398,698 |
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 | 2.023 % | £6,574 | £331,574 |
| 3 Month Average | -5.105 % | £-16,591 | £308,408 |
| 6 Month Average | 11.141 % | £36,208 | £361,208 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 13 Sep 2023 | £326,677 | £322,500 | 82 COMO STREET |
| 15 Feb 2023 | £235,841 | £236,000 | 27 ROMSIDE PLACE |
| 17 Jun 2022 | £278,942 | £275,000 | 8 ROMSIDE PLACE |
| 9 May 2022 | £540,688 | £530,500 | 11 COMO STREET |
| 29 Apr 2022 | £344,983 | £335,000 | 26 BROOKLANDS ROAD |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 7 Oct 2019. Using an estimated price of £398,698 means this house is valued at £6,229 per sq meter (£578 per sq foot).
The average size of a house on BROOKLANDS ROAD is 91 sq meters (980 sq feet).