£298,782
This estimated value is based upon the latest sale price for the house of £174,000 on 21 Feb 2011. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £174,000 | 21 Feb 2011 |
| Terraced |
| Freehold |
| Floor Area: 75 sq meters or 807 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 February 2011 the House Price Index for SOUTHEND-ON-SEA was 86.5.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 71.714%.Applying this 71.714% change to the original purchase price of £174,000 results in an estimated price of approximately £298,782.
| 21 Feb 2011 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 86.5 | 148.6 | 71.714 % | £174,000 | £124,782 | £298,782 |
The Postcode Pricing Model uses changes in average sales price within the SS0 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 | 52.027 % | £90,527 | £264,527 |
| 3 Month Average | 46.029 % | £80,090 | £254,090 |
| 6 Month Average | 59.716 % | £103,905 | £277,905 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 15 Dec 2023 | £340,966 | £335,000 | 21 ST GEORGES PARK AVENUE |
| 15 Sep 2023 | £136,748 | £135,000 | 36A SOUTHBOURNE GROVE |
| 17 Apr 2023 | £295,178 | £292,000 | 42A SOUTHBOURNE GROVE |
| 16 Feb 2023 | £199,866 | £200,000 | 33A ST GEORGES PARK AVENUE |
| 17 Jan 2023 | £427,984 | £430,000 | 3 ST GEORGES PARK AVENUE |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 1 Apr 2019. Using an estimated price of £298,783 means this house is valued at £3,983 per sq meter (£370 per sq foot).
The average size of a house on SOUTHBOURNE GROVE is 111 sq meters (1,197 sq feet).