£372,267
This estimated value is based upon the latest sale price for the house of £66,500 on 21 Jun 1996. 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 |
|---|---|
| £66,500 | 21 Jun 1996 |
| Terraced |
| Freehold |
| Floor Area: 117 sq meters or 1,259 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 1996 the House Price Index for GREATER LONDON was 26.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 459.800%.Applying this 459.800% change to the original purchase price of £66,500 results in an estimated price of approximately £372,267.
| 21 Jun 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 148.6 | 459.800 % | £66,500 | £305,767 | £372,267 |
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 | 701.278 % | £466,349 | £532,849 |
| 3 Month Average | 447.843 % | £297,815 | £364,315 |
| 6 Month Average | 411.053 % | £273,350 | £339,850 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 10 Nov 2023 | £649,618 | £640,000 | 11 PRESTON GARDENS |
| 30 Aug 2023 | £95,838 | £95,000 | 15 MERTON COURT, 120 CASTLEVIEW GARDENS |
| 24 Jul 2023 | £638,595 | £630,000 | 4 PRESTON GARDENS |
| 18 Jan 2023 | £313,523 | £315,000 | 212 EASTERN AVENUE |
| 27 May 2022 | £122,305 | £120,000 | 4 MERTON COURT, 120 CASTLEVIEW GARDENS |
This house has a floor area of 117 sq meters or 1,259 sq feet when measured on 5 Aug 2013. Using an estimated price of £372,267 means this house is valued at £3,181 per sq meter (£295 per sq foot).
The average size of a house on PRESTON GARDENS is 126 sq meters (1,364 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Anti-social behaviour | On or near Preston Gardens | |
| Dec 2023 | Anti-social behaviour | On or near Preston Gardens | |
| Dec 2023 | Anti-social behaviour | On or near Preston Gardens | |
| Dec 2023 | Anti-social behaviour | On or near Preston Gardens | |
| Dec 2023 | Anti-social behaviour | On or near Preston Gardens |