£543,748
This estimated value is based upon the latest sale price for the house of £273,000 on 4 Jun 2004. 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 |
|---|---|
| £273,000 | 4 Jun 2004 |
| £107,000 | 13 Aug 1998 |
| Terraced |
| Freehold |
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 2004 the House Price Index for GREATER LONDON was 75.2.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 99.175%.Applying this 99.175% change to the original purchase price of £273,000 results in an estimated price of approximately £543,748.
| 4 Jun 2004 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 75.2 | 149.7 | 99.175 % | £273,000 | £270,748 | £543,748 |
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 | 162.168 % | £442,719 | £715,719 |
| 3 Month Average | 140.529 % | £383,645 | £656,645 |
| 6 Month Average | 138.029 % | £376,818 | £649,818 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Feb 2022 | £707,826 | £670,000 | 31 GRASMERE GARDENS |
| 11 Feb 2022 | £671,907 | £636,000 | 2 REDBRIDGE LANE EAST |
| 25 Oct 2021 | £557,334 | £500,000 | 155 WOODFORD AVENUE |
| 17 Jul 2020 | £517,715 | £425,000 | 2 LINDALE CLOSE |
| 1 Oct 2019 | £580,638 | £470,000 | 46 REDBRIDGE LANE EAST |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Grasmere Gardens |
| Apr 2024 | Anti-social behaviour | On or near Ambleside Gardens | |
| Apr 2024 | Anti-social behaviour | On or near Ambleside Gardens | |
| Apr 2024 | Anti-social behaviour | On or near Ambleside Gardens | |
| Apr 2024 | Anti-social behaviour | On or near Ambleside Gardens |