£268,704
This estimated value is based upon the latest sale price for the house of £48,000 on 21 Jun 1996. 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 | 21 Jun 1996 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 54 sq meters or 581 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 1996 the House Price Index for GREATER LONDON was 26.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 459.800%.Applying this 459.800% change to the original purchase price of £48,000 results in an estimated price of approximately £268,704.
| 21 Jun 1996 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 26.5 | 148.6 | 459.800 % | £48,000 | £220,704 | £268,704 |
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 | 811.756 % | £389,642 | £437,642 |
| 3 Month Average | 468.057 % | £224,667 | £272,667 |
| 6 Month Average | 455.282 % | £218,535 | £266,535 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 20 Sep 2022 | £347,196 | £350,000 | 2 WALDEN WAY |
| 8 Jul 2022 | £301 | £300 | 2 DAVIDS WAY |
| 25 Mar 2022 | £336,785 | £325,000 | 4 DAVIDS WAY |
| 10 Mar 2022 | £336,785 | £325,000 | 19A LANCELOT ROAD |
| 13 Dec 2021 | £237,846 | £222,000 | 182 NEW NORTH ROAD |
This house has a floor area of 54 sq meters or 581 sq feet when measured on 22 Nov 2018. Using an estimated price of £268,704 means this house is valued at £4,976 per sq meter (£462 per sq foot).
The average size of a house on DAVIDS WAY is 56 sq meters (608 sq feet).