£627,568
This estimated value is based upon the latest sale price for the house of £505,000 on 18 Dec 2018. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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High View Parade, 12 Woodford Avenue, Redbridge, Ilford, IG4 5EP
Phone: 02081281512
| Price Paid | Date |
|---|---|
| £505,000 | 18 Dec 2018 |
| Flats/Maisonettes |
| Freehold |
| Floor Area: 87 sq meters or 938 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 December 2018 the House Price Index for GREATER LONDON was 120.5.
The House Price Index as of 1 May 2024 is 149.7 which is a change of 24.271%.Applying this 24.271% change to the original purchase price of £505,000 results in an estimated price of approximately £627,568.
| 18 Dec 2018 | 1 May 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 120.5 | 149.7 | 24.271 % | £505,000 | £122,568 | £627,568 |
The Postcode Pricing Model uses changes in average sales price within the IG5 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 | 2.723 % | £13,749 | £518,749 |
| 3 Month Average | 2.507 % | £12,662 | £517,662 |
| 6 Month Average | 8.737 % | £44,123 | £549,123 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Mar 2024 | £304,681 | £300,000 | 5 LANSDOWNE COURT CLAYBURY BROADWAY |
| 14 Dec 2023 | £319,828 | £310,000 | FLAT 16 HAWTHORN COURT HERENT DRIVE |
| 24 Nov 2023 | £323,204 | £315,000 | FLAT 7 HAWTHORN COURT HERENT DRIVE |
| 4 Oct 2023 | £89,533 | £87,500 | FLAT 7 OLEASTOR COURT STONELEIGH ROAD |
| 18 Sep 2023 | £270,973 | £265,000 | FLAT 9 ASPEN COURT STONELEIGH ROAD |
This house has a floor area of 87 sq meters or 938 sq feet when measured on 8 Oct 2008. Using an estimated price of £627,569 means this house is valued at £7,195 per sq meter (£668 per sq foot).
The average size of a house on HERENT DRIVE is 114 sq meters (1,236 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Vehicle crime | Under investigation | On or near A1400 |