£243,832
This estimated value is based upon the latest sale price for the house of £162,000 on 26 Sep 2014. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £162,000 | 26 Sep 2014 |
| £125,000 | 30 Sep 2011 |
| £143,000 | 15 Dec 2006 |
| £120,000 | 1 Nov 2005 |
| Flats/Maisonettes |
| Leasehold |
| Floor Area: 56 sq meters or 610 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 September 2014 the House Price Index for SOUTHEND-ON-SEA was 98.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 50.514%.Applying this 50.514% change to the original purchase price of £162,000 results in an estimated price of approximately £243,832.
| 26 Sep 2014 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 98.7 | 148.6 | 50.514 % | £162,000 | £81,832 | £243,832 |
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 | 9.842 % | £15,944 | £177,944 |
| 3 Month Average | 27.684 % | £44,847 | £206,847 |
| 6 Month Average | 31.292 % | £50,693 | £212,693 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 22 Sep 2023 | £319,080 | £315,000 | FLAT 16 WATERSIDE, 135 EASTERN ESPLANADE |
| 4 Sep 2023 | £288,691 | £285,000 | FLAT 9 WATERSIDE, 135 EASTERN ESPLANADE |
| 15 Jun 2023 | £268,249 | £265,000 | 6A CHELSEA AVENUE |
| 11 Apr 2023 | £232,503 | £230,000 | 124 EASTERN ESPLANADE |
| 24 Feb 2023 | £371,250 | £371,500 | FLAT 19 WATERSIDE, 135 EASTERN ESPLANADE |
This house has a floor area of 56 sq meters or 610 sq feet when measured on 17 Aug 2010. Using an estimated price of £243,832 means this house is valued at £4,297 per sq meter (£399 per sq foot).
The average size of a house on CHELSEA AVENUE is 107 sq meters (1,158 sq feet).