£243,912
This estimated value is based upon the latest sale price for the house of £48,000 on 11 Jul 1997. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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223 New North Road, Ilford, IG6 3AG
Phone: 02035441632
Price Paid | Date |
---|---|
£48,000 | 11 Jul 1997 |
Terraced |
Freehold |
Floor Area: 36 sq meters or 396 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 July 1997 the House Price Index for GREATER LONDON was 29.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 408.152%.Applying this 408.152% change to the original purchase price of £48,000 results in an estimated price of approximately £243,912.
11 Jul 1997 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
29.2 | 148.6 | 408.152 % | £48,000 | £195,912 | £243,912 |
The Postcode Pricing Model uses changes in average sales price within the IG6 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 | 760.860 % | £365,212 | £413,212 |
3 Month Average | 423.244 % | £203,157 | £251,157 |
6 Month Average | 418.664 % | £200,958 | £248,958 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
12 Sep 2023 | £324,145 | £320,000 | 10 AMANDA CLOSE |
14 Jun 2022 | £360,089 | £355,000 | 57 AMANDA CLOSE |
10 Dec 2021 | £246,417 | £230,000 | 35 AMANDA CLOSE |
10 Dec 2021 | £246,417 | £230,000 | 30 COPPERFIELD |
3 Dec 2021 | £289,272 | £270,000 | 63 LAING CLOSE |
This house has a floor area of 36 sq meters or 396 sq feet when measured on 3 Jan 2012. Using an estimated price of £243,913 means this house is valued at £6,620 per sq meter (£615 per sq foot).
The average size of a house on LAING CLOSE is 52 sq meters (561 sq feet).