£160,357
This estimated value is based upon the latest sale price for the house of £72,500 on 14 Nov 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 |
---|---|
£72,500 | 14 Nov 2003 |
£43,000 | 24 Aug 2001 |
Flats/Maisonettes |
Leasehold |
Floor Area: 42 sq meters or 452 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 November 2003 the House Price Index for SOUTHEND-ON-SEA was 67.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 121.183%.Applying this 121.183% change to the original purchase price of £72,500 results in an estimated price of approximately £160,357.
14 Nov 2003 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
67.2 | 148.6 | 121.183 % | £72,500 | £87,857 | £160,357 |
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 | 166.089 % | £120,414 | £192,914 |
3 Month Average | 143.740 % | £104,211 | £176,711 |
6 Month Average | 122.808 % | £89,035 | £161,535 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
22 Mar 2023 | £154,455 | £153,000 | 1A PORTLAND AVENUE |
22 Feb 2023 | £339,771 | £340,000 | 16 PORTLAND AVENUE |
13 Jul 2022 | £426,147 | £425,000 | 11 PORTLAND AVENUE |
9 Jun 2022 | £111,577 | £110,000 | FLAT 3 74 YORK ROAD |
27 May 2022 | £211,995 | £208,000 | LOWER FLAT 17 PORTLAND AVENUE |
This house has a floor area of 42 sq meters or 452 sq feet when measured on 20 Jan 2016. Using an estimated price of £160,358 means this house is valued at £3,818 per sq meter (£354 per sq foot).
The average size of a house on YORK ROAD is 71 sq meters (772 sq feet).