£468,260
This estimated value is based upon the latest sale price for the house of £380,000 on 13 Nov 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Park House, 168 Stainforth Road, Newbury Park, Ilford, IG2 7EL
Phone: 02034783389
| Price Paid | Date |
|---|---|
| £380,000 | 13 Nov 2018 |
| £272,000 | 22 Jan 2016 |
| Terraced |
| Freehold |
| Floor Area: 116 sq meters or 1,248 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 2018 the House Price Index for GREATER LONDON was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £380,000 results in an estimated price of approximately £468,260.
| 13 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £380,000 | £88,260 | £468,260 |
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 | 16.104 % | £61,196 | £441,196 |
| 3 Month Average | 24.260 % | £92,189 | £472,189 |
| 6 Month Average | 31.585 % | £120,021 | £500,021 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Nov 2023 | £313,643 | £309,000 | 7 DOWNSHALL COURT ALDBOROUGH ROAD SOUTH |
| 30 Jun 2023 | £637,725 | £630,000 | 75 NORFOLK ROAD |
| 28 Jan 2022 | £684,065 | £650,000 | 293 ALDBOROUGH ROAD SOUTH |
| 28 Jan 2022 | £932,433 | £886,000 | 102 NORFOLK ROAD |
| 19 Jan 2022 | £526,204 | £500,000 | 37 LEICESTER GARDENS |
This house has a floor area of 116 sq meters or 1,248 sq feet when measured on 27 Apr 2018. Using an estimated price of £468,261 means this house is valued at £4,036 per sq meter (£375 per sq foot).
The average size of a house on MEADS LANE is 92 sq meters (998 sq feet).