£720,599
This estimated value is based upon the latest sale price for the house of £650,000 on 18 Mar 2021. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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3 Faircross Parade, Longbridge Road, Barking, IG11 8UN
Phone: 02080338686
| Price Paid | Date |
|---|---|
| £650,000 | 18 Mar 2021 |
| Terraced |
| Freehold |
| Floor Area: 141 sq meters or 1,517 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 2021 the House Price Index for GREATER LONDON was 133.5.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 10.861%.Applying this 10.861% change to the original purchase price of £650,000 results in an estimated price of approximately £720,599.
| 18 Mar 2021 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.5 | 148.0 | 10.861 % | £650,000 | £70,599 | £720,599 |
The Postcode Pricing Model uses changes in average sales price within the IG11 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 | -10.147 % | £-65,956 | £584,043 |
| 3 Month Average | -19.883 % | £-129,240 | £520,759 |
| 6 Month Average | -2.115 % | £-13,747 | £636,252 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 May 2022 | £720,713 | £710,000 | 57 UPNEY LANE |
| 13 Oct 2021 | £815,488 | £740,000 | 79 UPNEY LANE |
| 29 Sep 2021 | £665,410 | £620,000 | 94 UPNEY LANE |
| 18 Mar 2021 | £720,599 | £650,000 | 106 UPNEY LANE |
| 8 Sep 2020 | £762,769 | £645,000 | 119 UPNEY LANE |
This house has a floor area of 141 sq meters or 1,517 sq feet when measured on 1 Sep 2020. Using an estimated price of £720,599 means this house is valued at £5,110 per sq meter (£474 per sq foot).
The average size of a house on UPNEY LANE is 126 sq meters (1,357 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near Melford Avenue |
| Apr 2024 | Vehicle crime | Under investigation | On or near Melford Avenue |
| Apr 2024 | Robbery | Under investigation | On or near Melford Avenue |
| Apr 2024 | Other theft | Under investigation | On or near Melford Avenue |
| Mar 2024 | Violence and sexual offences | Under investigation | On or near Melford Avenue |