£355,975
This estimated value is based upon the latest sale price for the house of £280,000 on 13 Oct 2017. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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APG House, 4 Thames Road, Barking, IG11 0HZ
Phone: 02080333631
| Price Paid | Date |
|---|---|
| £280,000 | 13 Oct 2017 |
| £144,995 | 5 Mar 2004 |
| Terraced |
| Freehold |
| Floor Area: 70 sq meters or 759 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 May 2024 is 149.7 which is a change of 27.134%.Applying this 27.134% change to the original purchase price of £280,000 results in an estimated price of approximately £355,975.
| 13 Oct 2017 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 117.7 | 149.7 | 27.134 % | £280,000 | £75,975 | £355,975 |
The Postcode Pricing Model uses changes in average sales price within the RM9 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 | 32.500 % | £90,998 | £370,998 |
| 3 Month Average | 17.529 % | £49,081 | £329,081 |
| 6 Month Average | 15.319 % | £42,893 | £322,893 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 28 Jun 2024 | £226,000 | £226,000 | 14 MOORE CRESCENT |
| 1 Mar 2023 | £305,095 | £300,000 | 490 LODGE AVENUE |
| 18 Dec 2020 | £352,644 | £305,000 | 516 LODGE AVENUE |
| 23 Oct 2020 | £336,804 | £285,000 | 514 LODGE AVENUE |
| 8 Apr 2020 | £23,496,651 | £19,000,000 | LONDON WORKS RIPPLE ROAD |
This house has a floor area of 70 sq meters or 759 sq feet when measured on 18 Jul 2011. Using an estimated price of £355,976 means this house is valued at £5,046 per sq meter (£468 per sq foot).
The average size of a house on LODGE AVENUE is 86 sq meters (927 sq feet).