£368,759
This estimated value is based upon the latest sale price for the house of £245,000 on 15 Sep 2014. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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620 Green Lane, Ilford, IG3 9SE
Phone: 02077681326
Price Paid | Date |
---|---|
£245,000 | 15 Sep 2014 |
£135,000 | 24 Jan 2003 |
Terraced |
Freehold |
Floor Area: 94 sq meters or 1,011 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 September 2014 the House Price Index for GREATER LONDON was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £245,000 results in an estimated price of approximately £368,759.
15 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
98.7 | 148.6 | 50.514 % | £245,000 | £123,759 | £368,759 |
The Postcode Pricing Model uses changes in average sales price within the RM8 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 | -2.630 % | £-6,443 | £238,556 |
3 Month Average | 54.888 % | £134,476 | £379,476 |
6 Month Average | 67.960 % | £166,501 | £411,501 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
15 Dec 2023 | £175,572 | £172,500 | 775 LONGBRIDGE ROAD |
29 Sep 2023 | £379,857 | £375,000 | 715 LONGBRIDGE ROAD |
29 Sep 2023 | £293,756 | £290,000 | FLAT 231 ACADEMY COURT, 566 LONGBRIDGE ROAD |
31 Aug 2023 | £453,971 | £450,000 | 7 BUTLER ROAD |
4 Aug 2023 | £312,736 | £310,000 | FLAT 129 ACADEMY COURT, 566 LONGBRIDGE ROAD |
This house has a floor area of 94 sq meters or 1,011 sq feet when measured on 28 Feb 2015. Using an estimated price of £368,759 means this house is valued at £3,922 per sq meter (£364 per sq foot).
The average size of a house on GAINSBOROUGH ROAD is 87 sq meters (938 sq feet).