£158,536
This estimated value is based upon the latest sale price for the house of £32,000 on 3 Oct 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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74 Station Parade, Barking, IG11 8EA
Phone: 02034630145
| Price Paid | Date |
|---|---|
| £32,000 | 3 Oct 1997 |
| Flats/Maisonettes |
| Leasehold |
| 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 October 1997 the House Price Index for GREATER LONDON was 30.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 395.428%.Applying this 395.428% change to the original purchase price of £32,000 results in an estimated price of approximately £158,536.
| 3 Oct 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 30.0 | 148.6 | 395.428 % | £32,000 | £126,536 | £158,536 |
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 | 254.489 % | £81,436 | £113,436 |
| 3 Month Average | 245.519 % | £78,565 | £110,565 |
| 6 Month Average | 363.968 % | £116,469 | £148,469 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Oct 2021 | £298,749 | £270,000 | 39B RIPPLE ROAD |
| 28 Aug 2020 | £239,813 | £200,000 | 35B RIPPLE ROAD |
| 21 Oct 2019 | £110,369 | £90,000 | 25 - 27 RIPPLE ROAD |
| 14 Jun 2019 | £259,452 | £210,000 | 1502 LEMONADE BUILDING, 3 ARBORETUM PLACE |
| 3 May 2019 | £257,735 | £208,500 | 1102 LEMONADE BUILDING, 3 ARBORETUM PLACE |
This house has a floor area of 92 sq meters or 990 sq feet when measured on 28 Feb 2020. Using an estimated price of £158,537 means this house is valued at £1,723 per sq meter (£160 per sq foot).
The average size of a house on RIPPLE ROAD is 77 sq meters (829 sq feet).