£159,273
This estimated value is based upon the latest sale price for the house of £65,000 on 26 Feb 2003. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £65,000 | 26 Feb 2003 |
| £38,000 | 21 Dec 2000 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 65 sq meters or 703 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 2003 the House Price Index for SOUTHEND-ON-SEA was 60.6.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 145.035%.Applying this 145.035% change to the original purchase price of £65,000 results in an estimated price of approximately £159,273.
| 26 Feb 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 60.6 | 148.6 | 145.035 % | £65,000 | £94,273 | £159,273 |
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 | 129.986 % | £84,491 | £149,491 |
| 3 Month Average | 107.776 % | £70,054 | £135,054 |
| 6 Month Average | 131.145 % | £85,244 | £150,244 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 7 Jul 2023 | £233,138 | £230,000 | FLAT 15 MELVILLE COURT VICTORIA ROAD |
| 1 Jun 2023 | £293,556 | £290,000 | 45A KENSINGTON ROAD |
| 24 Feb 2023 | £189,872 | £190,000 | 19 VICTORIA ROAD |
| 31 Mar 2022 | £452,847 | £437,000 | 20 VICTORIA ROAD |
| 21 Dec 2021 | £401,766 | £375,000 | 50 VICTORIA ROAD |
This house has a floor area of 65 sq meters or 703 sq feet when measured on 26 Aug 2011. Using an estimated price of £159,273 means this house is valued at £2,437 per sq meter (£226 per sq foot).
The average size of a house on VICTORIA ROAD is 89 sq meters (960 sq feet).