£276,877
This estimated value is based upon the latest sale price for the house of £225,000 on 12 Aug 2019. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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412 Green Lane, Ilford, IG3 9JX
Phone: 02034630627
| Price Paid | Date |
|---|---|
| £225,000 | 12 Aug 2019 |
| £120,000 | 18 Mar 2003 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 58 sq meters or 624 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 August 2019 the House Price Index for GREATER LONDON was 120.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.056%.Applying this 23.056% change to the original purchase price of £225,000 results in an estimated price of approximately £276,877.
| 12 Aug 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.8 | 148.6 | 23.056 % | £225,000 | £51,877 | £276,877 |
The Postcode Pricing Model uses changes in average sales price within the IG3 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 | -3.695 % | £-8,314 | £216,685 |
| 3 Month Average | -8.087 % | £-18,196 | £206,803 |
| 6 Month Average | 7.217 % | £16,237 | £241,237 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £400,936 | £395,000 | 325 GREEN LANE |
| 24 Apr 2023 | £454,898 | £450,000 | 68 ELMSTEAD ROAD |
| 5 Apr 2023 | £1,011 | £1,000 | 331 GREEN LANE |
| 31 Mar 2023 | £373,519 | £370,000 | 301 GREEN LANE |
| 9 Nov 2022 | £461,411 | £467,000 | 303 GREEN LANE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 8 May 2019. Using an estimated price of £276,877 means this house is valued at £4,773 per sq meter (£443 per sq foot).
The average size of a house on HOBBS MEWS is 83 sq meters (898 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Other theft | Under investigation | On or near Elmstead Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Elmstead Road |
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Elmstead Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Elmstead Road |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Elmstead Road |