£283,433
This estimated value is based upon the latest sale price for the house of £280,000 on 9 Jun 2023. 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 |
|---|---|
| £280,000 | 9 Jun 2023 |
| £260,000 | 2 Mar 2018 |
| £110,000 | 17 Nov 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 601 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 June 2023 the House Price Index for GREATER LONDON was 146.8.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 1.226%.Applying this 1.226% change to the original purchase price of £280,000 results in an estimated price of approximately £283,433.
| 9 Jun 2023 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 146.8 | 148.6 | 1.226 % | £280,000 | £3,433 | £283,433 |
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 | -16.708 % | £-46,782 | £233,217 |
| 3 Month Average | -28.272 % | £-79,161 | £200,838 |
| 6 Month Average | -7.141 % | £-19,995 | £260,004 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jul 2023 | £243,274 | £240,000 | 39 RIDLEY CLOSE |
| 12 Jul 2023 | £197,660 | £195,000 | 78 CHAMPNESS ROAD |
| 9 Jun 2023 | £283,433 | £280,000 | 23 RIDLEY CLOSE |
| 31 Mar 2023 | £279,635 | £277,000 | 25 RIDLEY CLOSE |
| 26 Aug 2022 | £339,087 | £340,000 | 52 CHAMPNESS ROAD |
This house has a floor area of 55 sq meters or 601 sq feet when measured on 20 Apr 2010. Using an estimated price of £283,433 means this house is valued at £5,073 per sq meter (£471 per sq foot).
The average size of a house on RIDLEY CLOSE is 54 sq meters (589 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Feb 2024 | Vehicle crime | Under investigation | On or near Ridley Close |
| Jan 2024 | Criminal damage and arson | Under investigation | On or near Ridley Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Ridley Close |