£289,088
This estimated value is based upon the latest sale price for the house of £230,000 on 13 Oct 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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Jhumat House, 160 London Road, Barking, IG11 8BB
Phone: 02036414430
| Price Paid | Date |
|---|---|
| £230,000 | 13 Oct 2017 |
| £118,000 | 30 May 2003 |
| £38,000 | 3 Feb 1995 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 50 sq meters or 538 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 2017 the House Price Index for GREATER LONDON was 117.7.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 25.690%.Applying this 25.690% change to the original purchase price of £230,000 results in an estimated price of approximately £289,088.
| 13 Oct 2017 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 148.0 | 25.690 % | £230,000 | £59,088 | £289,088 |
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 | 38.382 % | £88,277 | £318,277 |
| 3 Month Average | -3.813 % | £-8,770 | £221,229 |
| 6 Month Average | 10.029 % | £23,066 | £253,066 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 17 Aug 2023 | £142,869 | £142,000 | 271 GURNEY CLOSE |
| 10 Feb 2023 | £228,917 | £230,000 | 18 GURNEY CLOSE |
| 27 Jan 2023 | £249,806 | £252,000 | 269 GURNEY CLOSE |
| 19 Aug 2022 | £320,832 | £323,000 | 216 GURNEY CLOSE |
| 26 Jul 2022 | £152,794 | £153,000 | 294 GURNEY CLOSE |
This house has a floor area of 50 sq meters or 538 sq feet when measured on 5 May 2017. Using an estimated price of £289,088 means this house is valued at £5,781 per sq meter (£537 per sq foot).
The average size of a house on GURNEY CLOSE is 51 sq meters (549 sq feet).