£557,389
This estimated value is based upon the latest sale price for the house of £325,000 on 17 Feb 2012. 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 |
|---|---|
| £325,000 | 17 Feb 2012 |
| Terraced |
| Freehold |
| Floor Area: 112 sq meters or 1,209 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 February 2012 the House Price Index for GREATER LONDON was 86.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.505%.Applying this 71.505% change to the original purchase price of £325,000 results in an estimated price of approximately £557,389.
| 17 Feb 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.6 | 148.6 | 71.505 % | £325,000 | £232,389 | £557,389 |
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 | 72.272 % | £234,885 | £559,885 |
| 3 Month Average | 35.824 % | £116,428 | £441,428 |
| 6 Month Average | 62.239 % | £202,275 | £527,275 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 11 Dec 2023 | £459,032 | £451,000 | 212 SALISBURY AVENUE |
| 22 Nov 2023 | £471,988 | £465,000 | 261 SALISBURY AVENUE |
| 31 Aug 2023 | £542,244 | £537,500 | 216 SALISBURY AVENUE |
| 22 Jun 2023 | £506,131 | £500,000 | 237 WILMINGTON GARDENS |
| 30 Jan 2023 | £497,606 | £499,950 | 218 SALISBURY AVENUE |
This house has a floor area of 112 sq meters or 1,209 sq feet when measured on 26 Jun 2011. Using an estimated price of £557,390 means this house is valued at £4,962 per sq meter (£460 per sq foot).
The average size of a house on WILMINGTON GARDENS is 103 sq meters (1,112 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Apr 2024 | Other theft | Under investigation | On or near Odell Close |
| Apr 2024 | Other theft | Under investigation | On or near Odell Close |
| Mar 2024 | Vehicle crime | Under investigation | On or near Odell Close |
| Feb 2024 | Anti-social behaviour | On or near Odell Close | |
| Jan 2024 | Anti-social behaviour | On or near Odell Close |