£366,171
This estimated value is based upon the latest sale price for the house of £215,000 on 24 Aug 2012. 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 |
|---|---|
| £215,000 | 24 Aug 2012 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 102 sq meters or 1,097 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 2012 the House Price Index for GREATER LONDON was 87.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 70.312%.Applying this 70.312% change to the original purchase price of £215,000 results in an estimated price of approximately £366,171.
| 24 Aug 2012 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 87.3 | 148.6 | 70.312 % | £215,000 | £151,171 | £366,171 |
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 | 19.234 % | £41,352 | £256,352 |
| 3 Month Average | 96.846 % | £208,219 | £423,219 |
| 6 Month Average | 105.222 % | £226,226 | £441,226 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 29 Sep 2023 | £379,857 | £375,000 | 715 LONGBRIDGE ROAD |
| 8 Sep 2023 | £240,070 | £237,000 | FLAT 301 ACADEMY COURT, 566 LONGBRIDGE ROAD |
| 14 Jul 2023 | £283,820 | £280,000 | FLAT 305 ACADEMY COURT, 566 LONGBRIDGE ROAD |
| 23 Feb 2023 | £349,765 | £350,000 | FLAT 219 ACADEMY COURT, 566 LONGBRIDGE ROAD |
| 1 Jul 2022 | £195,526 | £195,000 | 434 LONGBRIDGE ROAD |
This house has a floor area of 102 sq meters or 1,097 sq feet when measured on 1 Mar 2018. Using an estimated price of £366,172 means this house is valued at £3,589 per sq meter (£333 per sq foot).
The average size of a house on LONGBRIDGE ROAD is 84 sq meters (908 sq feet).