£264,937
This estimated value is based upon the latest sale price for the house of £215,000 on 16 Nov 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 |
|---|---|
| £215,000 | 16 Nov 2018 |
| Flats/Maisonettes |
| Leasehold |
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 November 2018 the House Price Index for GREATER LONDON was 120.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.227%.Applying this 23.227% change to the original purchase price of £215,000 results in an estimated price of approximately £264,937.
| 16 Nov 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.6 | 148.6 | 23.227 % | £215,000 | £49,937 | £264,937 |
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 | -18.001 % | £-38,701 | £176,298 |
| 3 Month Average | -25.443 % | £-54,703 | £160,296 |
| 6 Month Average | 3.533 % | £7,596 | £222,596 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £283,820 | £280,000 | 441 LONGBRIDGE ROAD |
| 30 Jun 2023 | £289,507 | £286,000 | 385 LONGBRIDGE ROAD |
| 6 Apr 2023 | £530,714 | £525,000 | 26 MALVERN DRIVE |
| 30 Sep 2021 | £506,468 | £470,000 | 47 THURLESTONE AVENUE |
| 10 Nov 2020 | £243,464 | £210,000 | FLAT 7 BAY TREE COURT, 349 LONGBRIDGE ROAD |
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Longbridge Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Cavendish Gardens |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Cavendish Gardens |
| Dec 2023 | Robbery | Under investigation | On or near Cavendish Gardens |
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Cavendish Gardens |