£178,037
This estimated value is based upon the latest sale price for the house of £52,950 on 20 Jul 2001. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £52,950 | 20 Jul 2001 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 53 sq meters or 579 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 2001 the House Price Index for SOUTHEND-ON-SEA was 44.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 236.237%.Applying this 236.237% change to the original purchase price of £52,950 results in an estimated price of approximately £178,037.
| 20 Jul 2001 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 44.2 | 148.6 | 236.237 % | £52,950 | £125,087 | £178,037 |
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 | 148.628 % | £78,698 | £131,648 |
| 3 Month Average | 210.907 % | £111,675 | £164,625 |
| 6 Month Average | 237.290 % | £125,645 | £178,595 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 21 Dec 2023 | £142,493 | £140,000 | 31 GORDON ROAD |
| 19 Dec 2023 | £336,895 | £331,000 | 23 ASHBURNHAM ROAD |
| 15 Aug 2023 | £13,115 | £13,000 | 1 ASHBURNHAM ROAD |
| 13 Jul 2023 | £206,783 | £204,000 | 73 QUEENS ROAD |
| 18 Apr 2023 | £242,612 | £240,000 | 26 GORDON ROAD |
This house has a floor area of 53 sq meters or 579 sq feet when measured on 14 Jun 2010. Using an estimated price of £178,038 means this house is valued at £3,305 per sq meter (£307 per sq foot).
The average size of a house on ASHBURNHAM ROAD is 89 sq meters (964 sq feet).