£362,880
This estimated value is based upon the latest sale price for the house of £210,000 on 29 Jul 2011. This value is then adjusted by the current Official House Price Index for ESSEX 1
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| Price Paid | Date |
|---|---|
| £210,000 | 29 Jul 2011 |
| Semi-Detached |
| Freehold |
| Floor Area: 85 sq meters or 920 sq feet |
This model uses changes in the Official Land Registry House Price Index for ESSEX to estimate the market value.
When this house was purchased in July 2011 the House Price Index for ESSEX was 86.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 72.800%.Applying this 72.800% change to the original purchase price of £210,000 results in an estimated price of approximately £362,880.
| 29 Jul 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.0 | 148.6 | 72.800 % | £210,000 | £152,880 | £362,880 |
The Postcode Pricing Model uses changes in average sales price within the SS5 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 | -1.219 % | £-2,560 | £207,439 |
| 3 Month Average | 52.257 % | £109,739 | £319,739 |
| 6 Month Average | 67.277 % | £141,282 | £351,282 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 12 Dec 2023 | £432,569 | £425,000 | 14 BEACHES CLOSE |
| 18 Sep 2023 | £329,209 | £325,000 | 31 CHESTNUT CLOSE |
| 25 Aug 2023 | £383,354 | £380,000 | 39 CHESTNUT CLOSE |
| 22 Aug 2023 | £337,957 | £335,000 | 55 SOUTHBOURNE GROVE |
| 26 Jun 2023 | £379,598 | £375,000 | 32 SOUTHBOURNE GROVE |
This house has a floor area of 85 sq meters or 920 sq feet when measured on 4 Feb 2011. Using an estimated price of £362,881 means this house is valued at £4,243 per sq meter (£394 per sq foot).
The average size of a house on SOUTHBOURNE GROVE is 95 sq meters (1,026 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Jan 2024 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Magnolia Road |
| Dec 2023 | Criminal damage and arson | Investigation complete; no suspect identified | On or near Magnolia Road |
| Feb 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Chestnut Close |
| Jan 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Broad Walk |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Greensward Lane |