£306,755
This estimated value is based upon the latest sale price for the house of £245,000 on 5 Dec 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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50 Cambridge Road, Barking, Enterprise Centres, Unit 2 20, Barking, IG11 8FG
Phone: 02045373548
Price Paid | Date |
---|---|
£245,000 | 5 Dec 2017 |
£185,000 | 4 Jul 2014 |
£82,000 | 25 May 2001 |
£68,295 | 22 Sep 1998 |
Flats/Maisonettes |
Leasehold |
Floor Area: 58 sq meters or 624 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 December 2017 the House Price Index for GREATER LONDON was 118.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 25.206%.Applying this 25.206% change to the original purchase price of £245,000 results in an estimated price of approximately £306,755.
5 Dec 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
118.2 | 148.0 | 25.206 % | £245,000 | £61,755 | £306,755 |
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 | 32.945 % | £80,714 | £325,714 |
3 Month Average | 11.420 % | £27,979 | £272,979 |
6 Month Average | 8.092 % | £19,824 | £264,824 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
28 Oct 2022 | £229,587 | £233,000 | 26 CUTHBERGA CLOSE |
7 Oct 2021 | £182,934 | £166,000 | 70 NORTH STREET |
26 Aug 2021 | £263,889 | £237,500 | 9 ADELIZA CLOSE |
19 Aug 2021 | £238,889 | £215,000 | 4 ADELIZA CLOSE |
18 Aug 2021 | £272,222 | £245,000 | 20 CUTHBERGA CLOSE |
This house has a floor area of 58 sq meters or 624 sq feet when measured on 18 Mar 2014. Using an estimated price of £306,756 means this house is valued at £5,288 per sq meter (£491 per sq foot).
The average size of a house on CUTHBERGA CLOSE is 57 sq meters (615 sq feet).