£854,076
This estimated value is based upon the latest sale price for the house of £665,000 on 14 Jul 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1b Redbridge Lane East, Ilford, IG4 5ET
Phone: 02080338426
| Price Paid | Date |
|---|---|
| £665,000 | 14 Jul 2017 |
| Semi-Detached |
| Freehold |
| Floor Area: 155 sq meters or 1,668 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 £665,000 results in an estimated price of approximately £854,076.
| 14 Jul 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 116.6 | 149.7 | 28.433 % | £665,000 | £189,076 | £854,076 |
The Postcode Pricing Model uses changes in average sales price within the IG4 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 | 171.121 % | £1,137,953 | £1,802,953 |
| 3 Month Average | 27.886 % | £185,443 | £850,443 |
| 6 Month Average | 46.368 % | £308,349 | £973,349 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £742,826 | £720,000 | 5 SPURWAY PARADE |
| 8 Dec 2023 | £567,436 | £550,000 | 215 BEEHIVE LANE |
| 18 Oct 2023 | £409,296 | £400,000 | 158 BEEHIVE LANE |
| 30 Mar 2023 | £55,934 | £55,000 | 4 SPURWAY PARADE |
| 20 Jan 2023 | £746,996 | £745,000 | 223 BEEHIVE LANE |
This house has a floor area of 155 sq meters or 1,668 sq feet when measured on 4 Nov 2016. Using an estimated price of £854,077 means this house is valued at £5,510 per sq meter (£511 per sq foot).
The average size of a house on BEEHIVE LANE is 64 sq meters (698 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Somersby Gardens |