£514,432
This estimated value is based upon the latest sale price for the house of £500,000 on 31 Jul 2023. 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 |
---|---|
£500,000 | 31 Jul 2023 |
£260,000 | 7 Jan 2003 |
Terraced |
Freehold |
Floor Area: 155 sq meters or 1,668 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 July 2023 the House Price Index for GREATER LONDON was 145.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 2.887%.Applying this 2.887% change to the original purchase price of £500,000 results in an estimated price of approximately £514,432.
31 Jul 2023 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
145.5 | 149.7 | 2.887 % | £500,000 | £14,432 | £514,432 |
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 | -22.795 % | £-113,973 | £386,026 |
3 Month Average | -7.476 % | £-37,379 | £462,620 |
6 Month Average | -6.057 % | £-30,282 | £469,717 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Oct 2023 | £516,736 | £505,000 | 3 VENTNOR GARDENS |
13 Oct 2023 | £613,944 | £600,000 | 35 LYNDHURST GARDENS |
22 Mar 2023 | £406,793 | £400,000 | 37 VENTNOR GARDENS |
26 Jul 2022 | £606,073 | £600,000 | 33 LYNDHURST GARDENS |
30 Mar 2022 | £238,017 | £228,000 | 20 FAIRCROSS MANSIONS LONGBRIDGE ROAD |
This house has a floor area of 155 sq meters or 1,668 sq feet when measured on 4 Aug 2016.
The average size of a house on VENTNOR GARDENS is 130 sq meters (1,401 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Apr 2024 | Vehicle crime | Under investigation | On or near Ventnor Gardens |