£527,249
This estimated value is based upon the latest sale price for the house of £332,500 on 5 Mar 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1b Redbridge Lane East, Ilford, IG4 5ET
Phone: 02080338426
| Price Paid | Date |
|---|---|
| £332,500 | 5 Mar 2014 |
| £190,000 | 22 Jul 2010 |
| Terraced |
| Freehold |
| Floor Area: 101 sq meters or 1,096 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 March 2014 the House Price Index for GREATER LONDON was 94.4.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 58.571%.Applying this 58.571% change to the original purchase price of £332,500 results in an estimated price of approximately £527,249.
| 5 Mar 2014 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 149.7 | 58.571 % | £332,500 | £194,749 | £527,249 |
The Postcode Pricing Model uses changes in average sales price within the IG4 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 | 167.022 % | £555,349 | £887,849 |
| 3 Month Average | 90.379 % | £300,508 | £633,008 |
| 6 Month Average | 85.556 % | £284,473 | £616,973 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 14 Jun 2024 | £575,000 | £575,000 | 91 REDBRIDGE LANE EAST |
| 6 Oct 2023 | £383,715 | £375,000 | 78 INGLEHURST GARDENS |
| 11 Apr 2023 | £540,102 | £530,000 | 93 INGLEHURST GARDENS |
| 11 Feb 2022 | £671,907 | £636,000 | 2 REDBRIDGE LANE EAST |
| 17 Jul 2020 | £517,715 | £425,000 | 2 LINDALE CLOSE |
This house has a floor area of 101 sq meters or 1,096 sq feet when measured on 15 Jun 2011. Using an estimated price of £527,250 means this house is valued at £5,175 per sq meter (£480 per sq foot).
The average size of a house on INGLEHURST GARDENS is 97 sq meters (1,048 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Anti-social behaviour | On or near Crombie Close | |
| Apr 2024 | Anti-social behaviour | On or near Crombie Close | |
| Apr 2024 | Anti-social behaviour | On or near Crombie Close |