£704,292
This estimated value is based upon the latest sale price for the house of £485,000 on 26 Jun 2015. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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3-4 Broadway Parade, Fencepiece Road, Ilford, IG6 2JU
Phone: 02081157730
Price Paid | Date |
---|---|
£485,000 | 26 Jun 2015 |
£495,000 | 7 Apr 2006 |
Terraced |
Freehold |
Floor Area: 134 sq meters or 1,442 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 June 2015 the House Price Index for GREATER LONDON was 102.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 45.215%.Applying this 45.215% change to the original purchase price of £485,000 results in an estimated price of approximately £704,292.
26 Jun 2015 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
102.3 | 148.6 | 45.215 % | £485,000 | £219,292 | £704,292 |
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 | 83.230 % | £403,664 | £888,664 |
3 Month Average | 29.259 % | £141,905 | £626,905 |
6 Month Average | 31.347 % | £152,033 | £637,033 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
4 Jul 2023 | £608,186 | £600,000 | 142 TOMSWOOD HILL |
4 Apr 2023 | £677,293 | £670,000 | 7 HOVETON WAY |
28 Oct 2022 | £682,650 | £690,000 | 12 PENHURST ROAD |
16 Aug 2022 | £797,847 | £799,995 | 4 HOVETON WAY |
6 Jul 2022 | £601,619 | £600,000 | 15 PENHURST ROAD |
This house has a floor area of 134 sq meters or 1,442 sq feet when measured on 24 Jan 2018. Using an estimated price of £704,292 means this house is valued at £5,255 per sq meter (£488 per sq foot).
The average size of a house on TOMSWOOD HILL is 88 sq meters (954 sq feet).