£545,364
This estimated value is based upon the latest sale price for the house of £410,000 on 14 Jun 2016. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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370 Ilford Lane, Ilford, IG1 2LZ
Phone: 02036419259
| Price Paid | Date |
|---|---|
| £410,000 | 14 Jun 2016 |
| £30,000 | 16 Apr 1996 |
| Terraced |
| Freehold |
| Floor Area: 89 sq meters or 957 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 June 2016 the House Price Index for GREATER LONDON was 111.3.
The House Price Index as of 1 Apr 2024 is 148.0 which is a change of 33.016%.Applying this 33.016% change to the original purchase price of £410,000 results in an estimated price of approximately £545,364.
| 14 Jun 2016 | 1 Apr 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 111.3 | 148.0 | 33.016 % | £410,000 | £135,364 | £545,364 |
The Postcode Pricing Model uses changes in average sales price within the IG1 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 | -17.292 % | £-70,898 | £339,101 |
| 3 Month Average | 5.273 % | £21,617 | £431,617 |
| 6 Month Average | 21.333 % | £87,463 | £497,463 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 31 Oct 2022 | £476,911 | £484,000 | 85 HAMPTON ROAD |
| 2 Sep 2022 | £444,593 | £450,000 | 82 HAMPTON ROAD |
| 17 Dec 2021 | £471,637 | £442,000 | 114A HAMPTON ROAD |
| 30 Jun 2021 | £534,296 | £500,000 | 107 MORTLAKE ROAD |
| 6 Mar 2020 | £359,872 | £300,000 | 47 HENLEY ROAD |
This house has a floor area of 89 sq meters or 957 sq feet when measured on 11 May 2020. Using an estimated price of £545,364 means this house is valued at £6,127 per sq meter (£569 per sq foot).
The average size of a house on HENLEY ROAD is 98 sq meters (1,063 sq feet).