£347,761
This estimated value is based upon the latest sale price for the house of £281,500 on 12 Mar 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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88 Ley Street, Ilford, IG1 4BX
Phone: 02081664069
| Price Paid | Date |
|---|---|
| £281,500 | 12 Mar 2019 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 602 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 March 2019 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 23.539%.Applying this 23.539% change to the original purchase price of £281,500 results in an estimated price of approximately £347,761.
| 12 Mar 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.3 | 148.6 | 23.539 % | £281,500 | £66,261 | £347,761 |
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 | -38.086 % | £-107,212 | £174,287 |
| 3 Month Average | -4.866 % | £-13,697 | £267,802 |
| 6 Month Average | -4.954 % | £-13,946 | £267,553 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Jun 2023 | £354,292 | £350,000 | 61A BALFOUR ROAD |
| 14 Oct 2022 | £277,017 | £280,000 | 90B BALFOUR ROAD |
| 2 Sep 2022 | £536,666 | £541,000 | 47 THOROLD ROAD |
| 30 Jun 2022 | £337,266 | £332,500 | 103A BALFOUR ROAD |
| 14 Feb 2022 | £718,356 | £685,000 | 48 BALFOUR ROAD |
This house has a floor area of 56 sq meters or 602 sq feet when measured on 28 Sep 2018. Using an estimated price of £347,762 means this house is valued at £6,210 per sq meter (£576 per sq foot).
The average size of a house on BALFOUR ROAD is 91 sq meters (981 sq feet).