£654,181
This estimated value is based upon the latest sale price for the house of £525,000 on 8 Aug 2018. 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 |
|---|---|
| £525,000 | 8 Aug 2018 |
| £180,000 | 6 Dec 2001 |
| Semi-Detached |
| 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 August 2018 the House Price Index for GREATER LONDON was 120.1.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.606%.Applying this 24.606% change to the original purchase price of £525,000 results in an estimated price of approximately £654,181.
| 8 Aug 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.1 | 149.7 | 24.606 % | £525,000 | £129,181 | £654,181 |
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 | 29.458 % | £154,657 | £679,657 |
| 3 Month Average | 8.427 % | £44,241 | £569,241 |
| 6 Month Average | 36.639 % | £192,355 | £717,355 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Apr 2023 | £540,102 | £530,000 | 93 INGLEHURST GARDENS |
| 25 Feb 2022 | £707,826 | £670,000 | 31 GRASMERE GARDENS |
| 11 Feb 2022 | £671,907 | £636,000 | 2 REDBRIDGE LANE EAST |
| 17 Jul 2020 | £517,715 | £425,000 | 2 LINDALE CLOSE |
| 16 Mar 2020 | £333,672 | £275,000 | 7A HIGH VIEW PARADE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 12 Oct 2017. Using an estimated price of £654,182 means this house is valued at £7,110 per sq meter (£660 per sq foot).
The average size of a house on REDBRIDGE LANE EAST is 100 sq meters (1,077 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Grasmere Gardens |