£322,637
This estimated value is based upon the latest sale price for the house of £108,000 on 5 Apr 2002. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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88 Ley Street, Ilford, IG1 4BX
Phone: 02081664069
| Price Paid | Date |
|---|---|
| £108,000 | 5 Apr 2002 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 62 sq meters or 677 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 April 2002 the House Price Index for GREATER LONDON was 49.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 198.739%.Applying this 198.739% change to the original purchase price of £108,000 results in an estimated price of approximately £322,637.
| 5 Apr 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 49.7 | 148.6 | 198.739 % | £108,000 | £214,637 | £322,637 |
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 | 317.756 % | £343,176 | £451,176 |
| 3 Month Average | 191.672 % | £207,006 | £315,006 |
| 6 Month Average | 184.869 % | £199,658 | £307,658 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 8 Sep 2023 | £1,033,211 | £1,020,000 | 8 MELBOURNE ROAD |
| 23 Jun 2023 | £253,572 | £250,500 | 104A THOROLD ROAD |
| 16 Mar 2023 | £712,715 | £706,000 | 11 MELBOURNE ROAD |
| 30 Nov 2022 | £701,503 | £710,000 | 31 MELBOURNE ROAD |
| 30 Jun 2022 | £337,266 | £332,500 | 103A BALFOUR ROAD |
This house has a floor area of 62 sq meters or 677 sq feet when measured on 6 Aug 2009. Using an estimated price of £322,638 means this house is valued at £5,124 per sq meter (£476 per sq foot).
The average size of a house on BALFOUR ROAD is 91 sq meters (981 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Bicycle theft | Under investigation | On or near Balfour Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Wellesley Road |