£525,064
This estimated value is based upon the latest sale price for the house of £426,000 on 24 Feb 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 |
|---|---|
| £426,000 | 24 Feb 2020 |
| Terraced |
| Freehold |
| Floor Area: 92 sq meters or 990 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 February 2020 the House Price Index for GREATER LONDON was 121.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 23.255%.Applying this 23.255% change to the original purchase price of £426,000 results in an estimated price of approximately £525,064.
| 24 Feb 2020 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.5 | 149.7 | 23.255 % | £426,000 | £99,064 | £525,064 |
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 | -21.671 % | £-92,317 | £333,682 |
| 3 Month Average | 15.745 % | £67,075 | £493,075 |
| 6 Month Average | 13.019 % | £55,460 | £481,460 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 24 Nov 2023 | £468,903 | £457,000 | 181 STAINES ROAD |
| 31 Aug 2023 | £618,658 | £607,500 | 28 SOUTH PARK DRIVE |
| 9 Sep 2022 | £604,596 | £605,000 | 245 SOUTH PARK DRIVE |
| 11 Jan 2022 | £503,594 | £475,000 | 256 STAINES ROAD |
| 30 Sep 2021 | £624,202 | £575,000 | 18 SOUTH PARK DRIVE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 10 Oct 2019. Using an estimated price of £525,065 means this house is valued at £5,707 per sq meter (£530 per sq foot).
The average size of a house on SOUTH PARK DRIVE is 115 sq meters (1,241 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Nov 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near South Park Drive |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near South Park Drive |
| Nov 2024 | Violence and sexual offences | Under investigation | On or near South Park Drive |
| Nov 2024 | Anti-social behaviour | On or near South Park Drive | |
| Nov 2024 | Anti-social behaviour | On or near South Park Drive |