£339,588
This estimated value is based upon the latest sale price for the house of £275,000 on 5 Sep 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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APG House, 4 Thames Road, Barking, IG11 0HZ
Phone: 02080333631
| Price Paid | Date |
|---|---|
| £275,000 | 5 Sep 2018 |
| £118,000 | 31 Jan 2003 |
| £39,000 | 31 Oct 1996 |
| Terraced |
| Freehold |
| 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 September 2018 the House Price Index for GREATER LONDON was 120.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.487%.Applying this 23.487% change to the original purchase price of £275,000 results in an estimated price of approximately £339,588.
| 5 Sep 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.487 % | £275,000 | £64,588 | £339,588 |
The Postcode Pricing Model uses changes in average sales price within the RM9 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 | 18.339 % | £50,432 | £325,432 |
| 3 Month Average | 3.419 % | £9,403 | £284,403 |
| 6 Month Average | 16.217 % | £44,596 | £319,596 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Mar 2023 | £302,853 | £300,000 | 490 LODGE AVENUE |
| 4 May 2022 | £400,547 | £393,000 | 84 KEIR HARDIE WAY |
| 17 Dec 2021 | £401,766 | £375,000 | 96 KEIR HARDIE WAY |
| 18 Dec 2020 | £350,053 | £305,000 | 516 LODGE AVENUE |
| 23 Oct 2020 | £334,329 | £285,000 | 514 LODGE AVENUE |
This house has a floor area of 64 sq meters or 688 sq feet when measured on 18 Aug 2021. Using an estimated price of £339,588 means this house is valued at £5,306 per sq meter (£492 per sq foot).
The average size of a house on RIPPLE ROAD is 85 sq meters (915 sq feet).