This estimated value is based upon the latest sale price for the house of £85,500 on 17 Dec 1999. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA1
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|£85,500||17 Dec 1999|
|£50,000||25 Oct 1996|
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 December 1999 the House Price Index for SOUTHEND-ON-SEA was 33.9.The House Price Index as of 1 Jun 2019 is 134.0 which is a change of 295.472%.
Applying this 295.472% change to the original purchase price of £85,500 gives us an estimated price now of around £338,128.
|17 Dec 1999||1 Jun 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the SS9 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||355.530 %||£303,977||£389,477|
|3 Month Average||322.524 %||£275,757||£361,257|
|6 Month Average||317.708 %||£271,640||£357,140|
In this model we estimate the price by looking at how the average sale prices have changed since the house was purchased.
In December 1999 the average sale price for the 50 nearest sales within a mile of 107 ELMSLEIGH DRIVE was £72,953.
In October 2019 the average sale price for the 50 nearest sales was £352,413. This is a change of 383.069%.
So taking the original purchase price of £85,500 and adjusting it by 383.069% gives an estimated price of £413,023.
View a detailed breakdown on the calculations used for this estimate and guidelines on its accuracy.
|Average price on 17 Dec 1999||Average price on 31 Oct 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
|Date||Current Estimated Value||Price Paid||Address|
|24 Jun 2019||£373,000||£373,000||124 ELMSLEIGH DRIVE|
|14 Jun 2019||£177,500||£177,500||FLAT 1 153 MANCHESTER DRIVE|
|25 Apr 2019||£560,425||£560,000||257 STATION ROAD|
|1 Nov 2018||£384,278||£390,000||131 BLENHEIM CRESCENT|
|14 Sep 2018||£517,819||£525,000||87 BLENHEIM CRESCENT|