£217,367
This estimated value is based upon the latest sale price for the house of £220,000 on 15 Nov 2022. 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 |
|---|---|
| £220,000 | 15 Nov 2022 |
| £192,500 | 4 Jun 2021 |
| £116,000 | 31 Mar 2006 |
| Terraced |
| Leasehold |
| Floor Area: 47 sq meters or 505 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 November 2022 the House Price Index for GREATER LONDON was 150.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of -1.197%.Applying this -1.197% change to the original purchase price of £220,000 results in an estimated price of approximately £217,367.
| 15 Nov 2022 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 150.4 | 148.6 | -1.197 % | £220,000 | £-2,632 | £217,367 |
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 | -1.592 % | £-3,502 | £216,497 |
| 3 Month Average | -34.917 % | £-76,816 | £143,183 |
| 6 Month Average | -9.285 % | £-20,428 | £199,571 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 23 Feb 2023 | £184,876 | £185,000 | 33 CAPE CLOSE |
| 5 Jan 2023 | £188,114 | £189,000 | 151 HARTS LANE |
| 15 Nov 2022 | £217,367 | £220,000 | 149 COWBRIDGE LANE |
| 12 May 2022 | £214,033 | £210,000 | 53 CAPE CLOSE |
| 6 Dec 2021 | £289,272 | £270,000 | 38 CAPE CLOSE |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 24 Dec 2015. Using an estimated price of £217,367 means this house is valued at £4,624 per sq meter (£429 per sq foot).
The average size of a house on COWBRIDGE LANE is 73 sq meters (793 sq feet).