£511,449
This estimated value is based upon the latest sale price for the house of £118,000 on 16 Jul 1999. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £118,000 | 16 Jul 1999 |
| Semi-Detached |
| Freehold |
| Floor Area: 95 sq meters or 1,030 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 July 1999 the House Price Index for SOUTHEND-ON-SEA was 34.3.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 333.432%.Applying this 333.432% change to the original purchase price of £118,000 results in an estimated price of approximately £511,449.
| 16 Jul 1999 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 34.3 | 148.6 | 333.432 % | £118,000 | £393,449 | £511,449 |
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 | 387.524 % | £457,277 | £575,277 |
| 3 Month Average | 329.788 % | £389,149 | £507,149 |
| 6 Month Average | 405.207 % | £478,144 | £596,144 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Aug 2023 | £282,471 | £280,000 | FLAT 6 LEGRA GRANGE, 1525 LONDON ROAD |
| 5 Jul 2022 | £268,974 | £268,250 | FLAT 1 170 HADLEIGH ROAD |
| 14 Jun 2022 | £281,478 | £277,500 | 15 LAPWATER COURT LONDON ROAD |
| 20 Sep 2021 | £301,726 | £280,000 | 12 LAPWATER COURT LONDON ROAD |
| 24 Jun 2021 | £278,960 | £260,000 | FLAT 2 LEGRA GRANGE, 1525 LONDON ROAD |
This house has a floor area of 95 sq meters or 1,030 sq feet when measured on 28 Apr 2009. Using an estimated price of £511,450 means this house is valued at £5,339 per sq meter (£496 per sq foot).
The average size of a house on LAPWATER CLOSE is 139 sq meters (1,505 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Lapwater Close |
| Feb 2024 | Public order | Investigation complete; no suspect identified | On or near Lapwater Close |
| Jan 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Lapwater Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Leigh Park Close |
| Feb 2024 | Violence and sexual offences | Unable to prosecute suspect | On or near Leigh Park Close |