£289,163
This estimated value is based upon the latest sale price for the house of £86,000 on 27 Jul 2001. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
There has been one burglary within the last year on or near Payne Close
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3 Faircross Parade, Longbridge Road, Barking, IG11 8UN
Phone: 02080338686
| Price Paid | Date |
|---|---|
| £86,000 | 27 Jul 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 42 sq meters or 452 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 2001 the House Price Index for GREATER LONDON was 44.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 236.237%.Applying this 236.237% change to the original purchase price of £86,000 results in an estimated price of approximately £289,163.
| 27 Jul 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 148.6 | 236.237 % | £86,000 | £203,163 | £289,163 |
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 | 157.014 % | £135,031 | £221,031 |
| 3 Month Average | 153.002 % | £131,581 | £217,581 |
| 6 Month Average | 239.625 % | £206,077 | £292,077 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 3 Jul 2023 | £210,838 | £208,000 | 72 THORNHILL GARDENS |
| 21 Apr 2023 | £232,503 | £230,000 | 91 THORNHILL GARDENS |
| 21 Apr 2023 | £277,993 | £275,000 | 45 PAYNE CLOSE |
| 29 Jul 2022 | £451,215 | £450,000 | 2 GOODEY ROAD |
| 22 Jul 2022 | £191,516 | £191,000 | 66 THORNHILL GARDENS |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 15 Feb 2013. Using an estimated price of £289,164 means this house is valued at £6,884 per sq meter (£639 per sq foot).
The average size of a house on PAYNE CLOSE is 64 sq meters (696 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Burglary | Investigation complete; no suspect identified | On or near Payne Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Payne Close |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Payne Close |
| Dec 2023 | Other crime | Under investigation | On or near Goodey Road |
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Thornhill Gardens |