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Estimated Market Value


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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Transactions for this house
Price PaidDate
£85,50017 Dec 1999
£50,00025 Oct 1996
House Details

House Price Models

Land Registry House Price Index Model

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
33.9 134.0 295.472 % £85,500 £252,628 £338,128

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
£72,953 £352,413 383.069 % £85,500 £327,523 £413,023
Recent Sales Near Here
DateCurrent Estimated ValuePrice PaidAddress
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

Show these sales on a map

1This estimate is algorithmically derived, and doesn't account for any specific improvements or changes made to this house. For an accurate valuation please consult a professional valuer, or estate agent.

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