£546,818
This estimated value is based upon the latest sale price for the house of £300,000 on 31 Jul 2009. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1b Redbridge Lane East, Ilford, IG4 5ET
Phone: 02080338426
| Price Paid | Date |
|---|---|
| £300,000 | 31 Jul 2009 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,096 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 2009 the House Price Index for GREATER LONDON was 81.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 82.273%.Applying this 82.273% change to the original purchase price of £300,000 results in an estimated price of approximately £546,818.
| 31 Jul 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.5 | 148.6 | 82.273 % | £300,000 | £246,818 | £546,818 |
The Postcode Pricing Model uses changes in average sales price within the IG4 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 | 8.716 % | £26,146 | £326,146 |
| 3 Month Average | 68.747 % | £206,241 | £506,241 |
| 6 Month Average | 114.125 % | £342,373 | £642,373 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £744,527 | £731,500 | 22 GRANGEWAY GARDENS |
| 9 Jul 2021 | £810,232 | £705,000 | 27 HIGHCLIFFE GARDENS |
| 27 Nov 2020 | £724,596 | £625,000 | 33 FALMOUTH GARDENS |
| 23 Jun 2020 | £898,573 | £742,000 | 21 FALMOUTH GARDENS |
| 19 Jun 2020 | £363,305 | £300,000 | 30 HIGHCLIFFE GARDENS |
This house has a floor area of 101 sq meters or 1,096 sq feet when measured on 24 Apr 2009. Using an estimated price of £546,818 means this house is valued at £5,369 per sq meter (£498 per sq foot).
The average size of a house on HIGHCLIFFE GARDENS is 131 sq meters (1,414 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grangeway Gardens |
| Jan 2024 | Violence and sexual offences | Investigation complete; no suspect identified | On or near College Gardens |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Margaret Way |
| Jan 2024 | Public order | Investigation complete; no suspect identified | On or near Margaret Way |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ridgeway Gardens |