£494,544
This estimated value is based upon the latest sale price for the house of £260,000 on 26 Aug 2004. 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 |
|---|---|
| £260,000 | 26 Aug 2004 |
| £85,000 | 18 Dec 1996 |
| Detached |
| Freehold |
| Floor Area: 88 sq meters or 947 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 August 2004 the House Price Index for GREATER LONDON was 77.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 90.210%.Applying this 90.210% change to the original purchase price of £260,000 results in an estimated price of approximately £494,544.
| 26 Aug 2004 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 77.1 | 146.7 | 90.210 % | £260,000 | £234,544 | £494,544 |
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 | 98.689 % | £256,591 | £516,591 |
| 3 Month Average | 79.896 % | £207,730 | £467,730 |
| 6 Month Average | 91.627 % | £238,230 | £498,230 |
This house has a floor area of 88 sq meters or 947 sq feet when measured on 12 Mar 2020.
The average size of a house on SOUTH PARK DRIVE is 115 sq meters (1,241 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Dec 2023 | Robbery | Investigation complete; no suspect identified | On or near South Park Drive |
| Jan 2024 | Other theft | Investigation complete; no suspect identified | On or near Parking Area |
| Dec 2023 | Public order | Investigation complete; no suspect identified | On or near Parking Area |
| Dec 2023 | Anti-social behaviour | On or near Chudleigh Crescent | |
| Dec 2023 | Violence and sexual offences | Under investigation | On or near Chudleigh Crescent |