£256,870
This estimated value is based upon the latest sale price for the house of £55,000 on 31 Jul 1998. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Fairway Gardens
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370 Ilford Lane, Ilford, IG1 2LZ
Phone: 02036419259
Price Paid | Date |
---|---|
£55,000 | 31 Jul 1998 |
£89,000 | 15 May 1997 |
Terraced |
Freehold |
Floor Area: 117 sq meters or 1,259 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 1998 the House Price Index for GREATER LONDON was 31.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 367.038%.Applying this 367.038% change to the original purchase price of £55,000 results in an estimated price of approximately £256,870.
31 Jul 1998 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
31.8 | 148.6 | 367.038 % | £55,000 | £201,870 | £256,870 |
The Postcode Pricing Model uses changes in average sales price within the IG1 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 | 160.212 % | £88,116 | £143,116 |
3 Month Average | 308.807 % | £169,844 | £224,844 |
6 Month Average | 323.147 % | £177,730 | £232,730 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
20 Jul 2023 | £567,640 | £560,000 | 30 ELSTREE GARDENS |
10 Jul 2023 | £451,071 | £445,000 | 6 LOXFORD LANE |
25 Jun 2021 | £472,087 | £440,000 | 14 ELSTREE GARDENS |
18 Jun 2021 | £468,868 | £437,000 | 15 ELSTREE GARDENS |
9 Jun 2021 | £611,567 | £570,000 | 14 VINE GARDENS |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 12 Sep 2013. Using an estimated price of £256,871 means this house is valued at £2,195 per sq meter (£203 per sq foot).
The average size of a house on SOUTHBOURNE GARDENS is 120 sq meters (1,300 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Criminal damage and arson | Under investigation | On or near Fairway Gardens |
Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Fairway Gardens |