£224,976
This estimated value is based upon the latest sale price for the house of £119,995 on 27 Apr 2005. 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 |
|---|---|
| £119,995 | 27 Apr 2005 |
| £105,000 | 17 Oct 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 79 sq meters or 850 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 April 2005 the House Price Index for GREATER LONDON was 79.8.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 87.488%.Applying this 87.488% change to the original purchase price of £119,995 results in an estimated price of approximately £224,976.
| 27 Apr 2005 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 79.8 | 149.7 | 87.488 % | £119,995 | £104,981 | £224,976 |
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 | 69.062 % | £82,871 | £202,866 |
| 3 Month Average | 89.353 % | £107,218 | £227,213 |
| 6 Month Average | 86.070 % | £103,279 | £223,274 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Aug 2023 | £108,965 | £107,000 | FLAT 65 CROMWELL LODGE LONGBRIDGE ROAD |
| 22 Jun 2023 | £127,556 | £125,000 | FLAT 33 CROMWELL LODGE LONGBRIDGE ROAD |
| 24 Feb 2023 | £830,548 | £825,000 | 2 CAVENDISH GARDENS |
| 22 Aug 2022 | £130,611 | £130,000 | FLAT 21 CROMWELL LODGE LONGBRIDGE ROAD |
| 11 May 2022 | £107,809 | £105,000 | FLAT 47 CROMWELL LODGE LONGBRIDGE ROAD |
This house has a floor area of 79 sq meters or 850 sq feet when measured on 17 Apr 2013. Using an estimated price of £224,976 means this house is valued at £2,847 per sq meter (£264 per sq foot).
The average size of a house on LONGBRIDGE ROAD is 71 sq meters (768 sq feet).