£429,113
This estimated value is based upon the latest sale price for the house of £255,000 on 26 Aug 2008. This value is then adjusted by the current Official House Price Index for GREATER LONDON 1
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3 Faircross Parade, Longbridge Road, Barking, IG11 8UN
Phone: 02080338686
Price Paid | Date |
---|---|
£255,000 | 26 Aug 2008 |
Terraced |
Freehold |
Floor Area: 70 sq meters or 753 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 2008 the House Price Index for GREATER LONDON was 88.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 68.280%.Applying this 68.280% change to the original purchase price of £255,000 results in an estimated price of approximately £429,113.
26 Aug 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
88.3 | 148.6 | 68.280 % | £255,000 | £174,113 | £429,113 |
The Postcode Pricing Model uses changes in average sales price within the IG3 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 | 27.969 % | £71,320 | £326,320 |
3 Month Average | 58.432 % | £149,001 | £404,001 |
6 Month Average | 63.944 % | £163,058 | £418,058 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
30 Aug 2023 | £259,268 | £257,000 | 8 CLARK GROVE |
8 Jul 2022 | £456,228 | £455,000 | 23 CRAIGEN GARDENS |
15 Jun 2022 | £207,939 | £205,000 | 189 LOXFORD LANE |
24 May 2022 | £232,379 | £228,000 | 6 CLARK GROVE |
22 Oct 2021 | £376,203 | £340,000 | 20 CRAIGEN GARDENS |
This house has a floor area of 70 sq meters or 753 sq feet when measured on 23 Dec 2018. Using an estimated price of £429,114 means this house is valued at £6,130 per sq meter (£569 per sq foot).
The average size of a house on CRAIGEN GARDENS is 75 sq meters (813 sq feet).