£696,227
This estimated value is based upon the latest sale price for the house of £400,000 on 23 Sep 2011. 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 |
|---|---|
| £400,000 | 23 Sep 2011 |
| £275,000 | 17 Feb 2011 |
| Terraced |
| Freehold |
| Floor Area: 136 sq meters or 1,463 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 September 2011 the House Price Index for GREATER LONDON was 86.0.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 74.057%.Applying this 74.057% change to the original purchase price of £400,000 results in an estimated price of approximately £696,227.
| 23 Sep 2011 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 149.7 | 74.057 % | £400,000 | £296,227 | £696,227 |
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 | 109.005 % | £436,018 | £836,018 |
| 3 Month Average | 114.093 % | £456,373 | £856,373 |
| 6 Month Average | 119.622 % | £478,486 | £878,486 |
| 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 |
This house has a floor area of 136 sq meters or 1,463 sq feet when measured on 5 Jul 2021. Using an estimated price of £696,227 means this house is valued at £5,119 per sq meter (£475 per sq foot).
The average size of a house on GRASMERE GARDENS is 118 sq meters (1,279 sq feet).
| 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 |