£224,757
This estimated value is based upon the latest sale price for the house of £175,000 on 14 Jul 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Jhumat House, 160 London Road, Barking, IG11 8BB
Phone: 02036414430
Price Paid | Date |
---|---|
£175,000 | 14 Jul 2017 |
£122,000 | 7 Jan 2004 |
£102,000 | 23 Apr 2003 |
Flats/Maisonettes |
Leasehold |
Floor Area: 50 sq meters or 538 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 2017 the House Price Index for GREATER LONDON was 116.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 28.433%.Applying this 28.433% change to the original purchase price of £175,000 results in an estimated price of approximately £224,757.
14 Jul 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
116.6 | 149.7 | 28.433 % | £175,000 | £49,757 | £224,757 |
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 | 25.454 % | £44,545 | £219,545 |
3 Month Average | 16.697 % | £29,219 | £204,219 |
6 Month Average | 17.907 % | £31,337 | £206,337 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
29 Apr 2022 | £280,104 | £270,000 | 146 GURNEY CLOSE |
22 Dec 2021 | £275,224 | £255,000 | 151 GURNEY CLOSE |
16 Sep 2021 | £162,835 | £150,000 | 181 GURNEY CLOSE |
30 Jun 2021 | £189,152 | £175,000 | 163 GURNEY CLOSE |
21 Dec 2020 | £422,016 | £365,000 | 203 GURNEY CLOSE |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 7 Jun 2017. Using an estimated price of £224,757 means this house is valued at £4,495 per sq meter (£417 per sq foot).
The average size of a house on GURNEY CLOSE is 51 sq meters (549 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Public order | Under investigation | On or near Gurney Close |
Apr 2024 | Vehicle crime | Under investigation | On or near Gurney Close |