£520,294
This estimated value is based upon the latest sale price for the house of £450,000 on 2 Dec 2020. 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 |
|---|---|
| £450,000 | 2 Dec 2020 |
| £88,000 | 1 Sep 1998 |
| Terraced |
| Freehold |
| Floor Area: 113 sq meters or 1,216 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 December 2020 the House Price Index for GREATER LONDON was 129.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 15.621%.Applying this 15.621% change to the original purchase price of £450,000 results in an estimated price of approximately £520,294.
| 2 Dec 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 129.5 | 149.7 | 15.621 % | £450,000 | £70,294 | £520,294 |
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 | 15.641 % | £70,384 | £520,384 |
| 3 Month Average | -4.213 % | £-18,957 | £431,042 |
| 6 Month Average | -1.220 % | £-5,491 | £444,508 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 4 Apr 2024 | £443,854 | £440,000 | 33 SOUTHWOLD DRIVE |
| 20 Oct 2023 | £685,571 | £670,000 | 49 SOUTHWOLD DRIVE |
| 1 Jun 2023 | £489,816 | £480,000 | 6 SOUTHWOLD DRIVE |
| 28 Oct 2022 | £459,465 | £461,000 | 252 WESTROW DRIVE |
| 20 May 2022 | £272,088 | £265,000 | 48 SOUTHWOLD DRIVE |
This house has a floor area of 113 sq meters or 1,216 sq feet when measured on 2 Jul 2020. Using an estimated price of £520,294 means this house is valued at £4,604 per sq meter (£427 per sq foot).
The average size of a house on SOUTHWOLD DRIVE is 93 sq meters (1,009 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Oct 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Southwold Drive |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Southwold Drive |
| Sep 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Southwold Drive |
| Aug 2024 | Anti-social behaviour | On or near Southwold Drive | |
| Aug 2024 | Anti-social behaviour | On or near Southwold Drive |