£553,133
This estimated value is based upon the latest sale price for the house of £370,000 on 14 Aug 2014. 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 |
|---|---|
| £370,000 | 14 Aug 2014 |
| Terraced |
| Freehold |
| Floor Area: 114 sq meters or 1,227 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 2014 the House Price Index for GREATER LONDON was 98.1.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 49.496%.Applying this 49.496% change to the original purchase price of £370,000 results in an estimated price of approximately £553,133.
| 14 Aug 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.1 | 146.7 | 49.496 % | £370,000 | £183,133 | £553,133 |
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 | 11.961 % | £44,253 | £414,253 |
| 3 Month Average | 20.937 % | £77,465 | £447,465 |
| 6 Month Average | 54.542 % | £201,807 | £571,807 |
This house has a floor area of 114 sq meters or 1,227 sq feet when measured on 15 Apr 2014.
The average size of a house on OULTON CRESCENT is 115 sq meters (1,247 sq feet).