£505,311
This estimated value is based upon the latest sale price for the house of £280,000 on 5 Aug 2009. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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1b Redbridge Lane East, Ilford, IG4 5ET
Phone: 02080338426
| Price Paid | Date |
|---|---|
| £280,000 | 5 Aug 2009 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 914 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 2009 the House Price Index for GREATER LONDON was 82.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 80.468%.Applying this 80.468% change to the original purchase price of £280,000 results in an estimated price of approximately £505,311.
| 5 Aug 2009 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 82.3 | 148.6 | 80.468 % | £280,000 | £225,311 | £505,311 |
The Postcode Pricing Model uses changes in average sales price within the IG4 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 | 110.305 % | £308,854 | £588,854 |
| 3 Month Average | 45.868 % | £128,429 | £408,429 |
| 6 Month Average | 91.905 % | £257,333 | £537,333 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 19 Jul 2023 | £582,844 | £575,000 | 40 GRASMERE GARDENS |
| 25 Feb 2022 | £702,625 | £670,000 | 31 GRASMERE GARDENS |
| 11 Feb 2022 | £666,970 | £636,000 | 2 REDBRIDGE LANE EAST |
| 25 Oct 2021 | £553,239 | £500,000 | 155 WOODFORD AVENUE |
| 17 Jul 2020 | £513,911 | £425,000 | 2 LINDALE CLOSE |
This house has a floor area of 85 sq meters or 914 sq feet when measured on 18 Jun 2019. Using an estimated price of £505,312 means this house is valued at £5,944 per sq meter (£552 per sq foot).
The average size of a house on GRASMERE GARDENS is 118 sq meters (1,279 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Anti-social behaviour | On or near Grasmere Gardens | |
| Jan 2024 | Anti-social behaviour | On or near Grasmere Gardens | |
| Jan 2024 | Anti-social behaviour | On or near Grasmere Gardens | |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Grasmere Gardens |
| Jan 2024 | Public order | Under investigation | On or near Grasmere Gardens |