£278,984
This estimated value is based upon the latest sale price for the house of £223,500 on 16 Apr 2018. This value is then adjusted by the current Official House Price Index for ESSEX 1
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44 Southernhay, Basildon, SS14 1ET
Phone: 01268810663
Price Paid | Date |
---|---|
£223,500 | 16 Apr 2018 |
£169,000 | 16 Sep 2013 |
Flats/Maisonettes |
Leasehold |
Floor Area: 65 sq meters or 699 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 April 2018 the House Price Index for ESSEX was 119.0.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 24.825%.Applying this 24.825% change to the original purchase price of £223,500 results in an estimated price of approximately £278,984.
16 Apr 2018 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
119.0 | 148.6 | 24.825 % | £223,500 | £55,484 | £278,984 |
The Postcode Pricing Model uses changes in average sales price within the SS16 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 | -44.679 % | £-99,858 | £123,641 |
3 Month Average | 17.236 % | £38,523 | £262,023 |
6 Month Average | 10.727 % | £23,974 | £247,474 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
31 Mar 2023 | £175,655 | £174,000 | 437 CHERRYDOWN EAST |
28 Jan 2022 | £121,027 | £115,000 | 533 CHERRYDOWN EAST |
2 Dec 2021 | £155,350 | £145,000 | 651 CHERRYDOWN EAST |
1 Jul 2021 | £178,136 | £155,000 | 419 CHERRYDOWN EAST |
23 Dec 2020 | £177,896 | £155,000 | 831 CHERRYDOWN EAST |
This house has a floor area of 65 sq meters or 699 sq feet when measured on 3 Aug 2012. Using an estimated price of £278,984 means this house is valued at £4,292 per sq meter (£398 per sq foot).
The average size of a house on CHERRYDOWN EAST is 58 sq meters (634 sq feet).