£247,335
This estimated value is based upon the latest sale price for the house of £200,000 on 16 Apr 2019. 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 |
---|---|
£200,000 | 16 Apr 2019 |
£129,995 | 27 May 2011 |
Flats/Maisonettes |
Leasehold |
Floor Area: 52 sq meters or 560 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 April 2019 the House Price Index for GREATER LONDON was 120.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 23.668%.Applying this 23.668% change to the original purchase price of £200,000 results in an estimated price of approximately £247,335.
16 Apr 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
120.2 | 148.6 | 23.668 % | £200,000 | £47,335 | £247,335 |
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 | -29.335 % | £-58,670 | £141,329 |
3 Month Average | 17.552 % | £35,103 | £235,103 |
6 Month Average | 19.559 % | £39,118 | £239,118 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Feb 2022 | £264,795 | £252,500 | FLAT 202 TRINITY HOUSE, 11 ACADEMY WAY |
2 Sep 2020 | £508,199 | £428,000 | 42 ACADEMY WAY |
7 Aug 2020 | £521,594 | £435,000 | 40 ACADEMY WAY |
16 Jan 2020 | £277,485 | £227,500 | FLAT 605 LANCASTER HOUSE, 37 ACADEMY WAY |
19 Dec 2019 | £240,446 | £196,000 | FLAT 502 PEMBROKE HOUSE, 21 ACADEMY WAY |
This house has a floor area of 52 sq meters or 560 sq feet when measured on 1 Dec 2010. Using an estimated price of £247,336 means this house is valued at £4,751 per sq meter (£441 per sq foot).
The average size of a house on ACADEMY WAY is 65 sq meters (705 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Jan 2024 | Public order | Under investigation | On or near Academy Way |
Jan 2024 | Criminal damage and arson | Under investigation | On or near Academy Way |
Dec 2023 | Violence and sexual offences | Under investigation | On or near Academy Way |