£273,454
This estimated value is based upon the latest sale price for the house of £162,500 on 28 Aug 2008. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £162,500 | 28 Aug 2008 |
| Terraced |
| Freehold |
| Floor Area: 91 sq meters or 979 sq feet |
This model uses changes in the Official Land Registry House Price Index for SOUTHEND-ON-SEA to estimate the market value.
When this house was purchased in August 2008 the House Price Index for SOUTHEND-ON-SEA 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 £162,500 results in an estimated price of approximately £273,454.
| 28 Aug 2008 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 88.3 | 148.6 | 68.280 % | £162,500 | £110,954 | £273,454 |
The Postcode Pricing Model uses changes in average sales price within the SS0 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 | 79.720 % | £129,544 | £292,044 |
| 3 Month Average | 52.743 % | £85,707 | £248,207 |
| 6 Month Average | 57.334 % | £93,167 | £255,667 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 25 Jul 2023 | £354,775 | £350,000 | 337 FAIRFAX DRIVE |
| 28 Jun 2023 | £174,109 | £172,000 | 106 ELECTRIC AVENUE |
| 16 Mar 2023 | £191,807 | £190,000 | 336C FAIRFAX DRIVE |
| 5 Jan 2023 | £341,889 | £343,500 | 122 NORTHVIEW DRIVE |
| 24 Nov 2022 | £292,456 | £295,999 | 99 ELECTRIC AVENUE |
This house has a floor area of 91 sq meters or 979 sq feet when measured on 21 Jan 2020. Using an estimated price of £273,455 means this house is valued at £3,005 per sq meter (£279 per sq foot).
The average size of a house on ELECTRIC AVENUE is 80 sq meters (862 sq feet).