£494,721
This estimated value is based upon the latest sale price for the house of £375,000 on 3 Oct 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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42 Longbridge Road, Barking, IG11 8RT
Phone: 02035442507
| Price Paid | Date |
|---|---|
| £375,000 | 3 Oct 2016 |
| Terraced |
| Freehold |
| Floor Area: 100 sq meters or 1,076 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 2016 the House Price Index for GREATER LONDON was 112.2.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 31.926%.Applying this 31.926% change to the original purchase price of £375,000 results in an estimated price of approximately £494,721.
| 3 Oct 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 112.2 | 148.0 | 31.926 % | £375,000 | £119,721 | £494,721 |
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 | -2.700 % | £-10,125 | £364,874 |
| 3 Month Average | -3.836 % | £-14,386 | £360,613 |
| 6 Month Average | 13.572 % | £50,894 | £425,894 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 2 Nov 2023 | £293,771 | £290,000 | 30 WILMINGTON GARDENS |
| 23 Aug 2023 | £503,059 | £500,000 | 51 WILMINGTON GARDENS |
| 22 Aug 2023 | £426,594 | £424,000 | 52 ALDERSEY GARDENS |
| 14 Mar 2023 | £550,978 | £548,000 | 34 WILMINGTON GARDENS |
| 10 Mar 2023 | £552,989 | £550,000 | 37 WILMINGTON GARDENS |
This house has a floor area of 100 sq meters or 1,076 sq feet when measured on 4 Jul 2016. Using an estimated price of £494,721 means this house is valued at £4,947 per sq meter (£459 per sq foot).
The average size of a house on WILMINGTON GARDENS is 103 sq meters (1,112 sq feet).