£209,034
This estimated value is based upon the latest sale price for the house of £100,000 on 31 Mar 2004. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £100,000 | 31 Mar 2004 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 55 sq meters or 592 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 March 2004 the House Price Index for SOUTHEND-ON-SEA was 71.1.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 109.035%.Applying this 109.035% change to the original purchase price of £100,000 results in an estimated price of approximately £209,034.
| 31 Mar 2004 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 71.1 | 148.6 | 109.035 % | £100,000 | £109,034 | £209,034 |
The Postcode Pricing Model uses changes in average sales price within the SS1 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 | 82.132 % | £82,131 | £182,131 |
| 3 Month Average | 116.278 % | £116,277 | £216,277 |
| 6 Month Average | 120.973 % | £120,972 | £220,972 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 18 Aug 2023 | £183,102 | £181,500 | 37 SOUTHCHURCH AVENUE |
| 21 Jul 2023 | £143,937 | £142,000 | FLAT 3 57 SOUTHCHURCH AVENUE |
| 21 Apr 2023 | £277,993 | £275,000 | 41 SOUTHCHURCH AVENUE |
| 11 Jul 2022 | £157,925 | £157,500 | 49 MARKS COURT |
| 15 Mar 2022 | £227,978 | £220,000 | 60 MARKS COURT |
This house has a floor area of 55 sq meters or 592 sq feet when measured on 10 Aug 2014. Using an estimated price of £209,035 means this house is valued at £3,800 per sq meter (£353 per sq foot).
The average size of a house on MARKS COURT is 56 sq meters (609 sq feet).