£254,074
This estimated value is based upon the latest sale price for the house of £165,000 on 16 May 2014. 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 |
---|---|
£165,000 | 16 May 2014 |
Flats/Maisonettes |
Leasehold |
Floor Area: 61 sq meters or 656 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 May 2014 the House Price Index for GREATER LONDON was 96.1.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 53.985%.Applying this 53.985% change to the original purchase price of £165,000 results in an estimated price of approximately £254,074.
16 May 2014 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
96.1 | 148.0 | 53.985 % | £165,000 | £89,074 | £254,074 |
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 | 40.121 % | £66,199 | £231,199 |
3 Month Average | 17.825 % | £29,411 | £194,411 |
6 Month Average | 48.784 % | £80,494 | £245,494 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
1 Jun 2023 | £483,924 | £480,000 | 6 SOUTHWOLD DRIVE |
24 Apr 2023 | £624,643 | £620,000 | 215 WESTROW DRIVE |
28 Oct 2022 | £454,248 | £461,000 | 252 WESTROW DRIVE |
20 May 2022 | £268,999 | £265,000 | 48 SOUTHWOLD DRIVE |
13 May 2022 | £431,413 | £425,000 | 5 SOUTHWOLD DRIVE |
This house has a floor area of 61 sq meters or 656 sq feet when measured on 18 Dec 2013. Using an estimated price of £254,075 means this house is valued at £4,165 per sq meter (£386 per sq foot).
The average size of a house on SOUTHWOLD DRIVE is 93 sq meters (1,009 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Public order | Under investigation | On or near Southwold Drive |
Apr 2024 | Public order | Under investigation | On or near Southwold Drive |
Apr 2024 | Public order | Under investigation | On or near Southwold Drive |
Apr 2024 | Anti-social behaviour | On or near Southwold Drive | |
Mar 2024 | Anti-social behaviour | On or near Southwold Drive |