£291,304
This estimated value is based upon the latest sale price for the house of £86,000 on 27 Jul 2001. 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 |
|---|---|
| £86,000 | 27 Jul 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 41 sq meters or 451 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 2001 the House Price Index for GREATER LONDON was 44.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 238.726%.Applying this 238.726% change to the original purchase price of £86,000 results in an estimated price of approximately £291,304.
| 27 Jul 2001 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 149.7 | 238.726 % | £86,000 | £205,304 | £291,304 |
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 | 318.817 % | £274,182 | £360,182 |
| 3 Month Average | 209.260 % | £179,963 | £265,963 |
| 6 Month Average | 225.628 % | £194,039 | £280,039 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Apr 2023 | £234,384 | £230,000 | 91 THORNHILL GARDENS |
| 21 Apr 2023 | £280,242 | £275,000 | 45 PAYNE CLOSE |
| 29 Jul 2022 | £454,555 | £450,000 | 2 GOODEY ROAD |
| 22 Jul 2022 | £192,933 | £191,000 | 66 THORNHILL GARDENS |
| 30 May 2022 | £205,350 | £200,000 | 103 THORNHILL GARDENS |
This house has a floor area of 41 sq meters or 451 sq feet when measured on 29 Sep 2009. Using an estimated price of £291,304 means this house is valued at £6,949 per sq meter (£645 per sq foot).
The average size of a house on PAYNE CLOSE is 64 sq meters (696 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Public order | Under investigation | On or near Payne Close |
| Sep 2024 | Other theft | Unable to prosecute suspect | On or near Goodey Road |
| Oct 2024 | Violence and sexual offences | Under investigation | On or near Lambourne Road |
| Sep 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lambourne Road |
| Aug 2024 | Violence and sexual offences | Under investigation | On or near Lambourne Road |