£453,838
This estimated value is based upon the latest sale price for the house of £250,000 on 15 Dec 2008. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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3 Faircross Parade, Longbridge Road, Barking, IG11 8UN
Phone: 02080338686
| Price Paid | Date |
|---|---|
| £250,000 | 15 Dec 2008 |
| Terraced |
| Freehold |
| Floor Area: 48 sq meters or 521 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 2008 the House Price Index for GREATER LONDON was 81.9.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 81.535%.Applying this 81.535% change to the original purchase price of £250,000 results in an estimated price of approximately £453,838.
| 15 Dec 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 81.9 | 148.6 | 81.535 % | £250,000 | £203,838 | £453,838 |
The Postcode Pricing Model uses changes in average sales price within the IG3 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 | 94.677 % | £236,691 | £486,691 |
| 3 Month Average | 77.747 % | £194,366 | £444,366 |
| 6 Month Average | 81.255 % | £203,138 | £453,138 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 30 Aug 2023 | £259,268 | £257,000 | 8 CLARK GROVE |
| 12 Aug 2022 | £366,015 | £367,000 | 32 HARMAN RISE |
| 8 Jul 2022 | £456,228 | £455,000 | 23 CRAIGEN GARDENS |
| 31 May 2022 | £208,937 | £205,000 | 43 HARMAN RISE |
| 27 May 2022 | £366,914 | £360,000 | 22 HARMAN RISE |
This house has a floor area of 48 sq meters or 521 sq feet when measured on 4 Dec 2008. Using an estimated price of £453,838 means this house is valued at £9,361 per sq meter (£869 per sq foot).
The average size of a house on GRIGGS CLOSE is 65 sq meters (706 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Vehicle crime | Investigation complete; no suspect identified | On or near Griggs Close |
| Dec 2023 | Anti-social behaviour | On or near Craigen Gardens | |
| Dec 2023 | Anti-social behaviour | On or near Craigen Gardens | |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Craigen Gardens |
| Dec 2023 | Anti-social behaviour | On or near Craigen Gardens |