£595,887
This estimated value is based upon the latest sale price for the house of £480,000 on 19 Oct 2018. 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 |
|---|---|
| £480,000 | 19 Oct 2018 |
| £210,000 | 6 Dec 2002 |
| £90,300 | 20 Nov 1998 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,087 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 2018 the House Price Index for GREATER LONDON was 120.6.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.143%.Applying this 24.143% change to the original purchase price of £480,000 results in an estimated price of approximately £595,887.
| 19 Oct 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 149.7 | 24.143 % | £480,000 | £115,887 | £595,887 |
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 | 33.245 % | £159,574 | £639,574 |
| 3 Month Average | 9.886 % | £47,453 | £527,453 |
| 6 Month Average | 5.960 % | £28,609 | £508,609 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2022 | £595,972 | £590,000 | 76 MELFORD AVENUE |
| 27 May 2022 | £728,992 | £710,000 | 57 UPNEY LANE |
| 23 May 2022 | £718,724 | £700,000 | 73 MELFORD AVENUE |
| 22 Apr 2022 | £518,711 | £500,000 | 55 MELFORD AVENUE |
| 2 Dec 2021 | £642,188 | £595,000 | 25 MELFORD AVENUE |
This house has a floor area of 101 sq meters or 1,087 sq feet when measured on 11 Jul 2018. Using an estimated price of £595,887 means this house is valued at £5,899 per sq meter (£548 per sq foot).
The average size of a house on MELFORD AVENUE is 105 sq meters (1,136 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Robbery | Under investigation | On or near Melford Avenue |
| Apr 2024 | Vehicle crime | Under investigation | On or near Melford Avenue |
| Apr 2024 | Other theft | Under investigation | On or near Melford Avenue |
| Apr 2024 | Vehicle crime | Under investigation | On or near Melford Avenue |
| Apr 2024 | Violence and sexual offences | Under investigation | On or near Beccles Drive |