£534,292
This estimated value is based upon the latest sale price for the house of £480,000 on 12 Mar 2021. 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 |
|---|---|
| £480,000 | 12 Mar 2021 |
| Terraced |
| Freehold |
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 March 2021 the House Price Index for GREATER LONDON was 133.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 11.311%.Applying this 11.311% change to the original purchase price of £480,000 results in an estimated price of approximately £534,292.
| 12 Mar 2021 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 133.5 | 148.6 | 11.311 % | £480,000 | £54,292 | £534,292 |
The Postcode Pricing Model uses changes in average sales price within the IG11 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 | -10.147 % | £-48,706 | £431,293 |
| 3 Month Average | -19.883 % | £-95,438 | £384,561 |
| 6 Month Average | -2.115 % | £-10,151 | £469,848 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 1 Jun 2023 | £485,886 | £480,000 | 6 SOUTHWOLD DRIVE |
| 24 Apr 2023 | £626,748 | £620,000 | 215 WESTROW DRIVE |
| 28 Oct 2022 | £456,089 | £461,000 | 252 WESTROW DRIVE |
| 13 May 2022 | £433,162 | £425,000 | 5 SOUTHWOLD DRIVE |
| 18 Mar 2022 | £544,038 | £525,000 | 230 WESTROW DRIVE |