£980,156
This estimated value is based upon the latest sale price for the house of £590,000 on 15 Aug 2008. 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 |
|---|---|
| £590,000 | 15 Aug 2008 |
| Semi-Detached |
| Freehold |
| Floor Area: 214 sq meters or 2,303 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 2008 the House Price Index for GREATER LONDON was 88.3.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 66.128%.Applying this 66.128% change to the original purchase price of £590,000 results in an estimated price of approximately £980,156.
| 15 Aug 2008 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.3 | 146.7 | 66.128 % | £590,000 | £390,156 | £980,156 |
The Postcode Pricing Model uses changes in average sales price within the IG2 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 | 28.447 % | £167,839 | £757,839 |
| 3 Month Average | 28.363 % | £167,340 | £757,340 |
| 6 Month Average | 38.715 % | £228,419 | £818,419 |
This house has a floor area of 214 sq meters or 2,303 sq feet when measured on 15 Mar 2016.
The average size of a house on WOODFORD AVENUE is 125 sq meters (1,349 sq feet).