£1,243,141
This estimated value is based upon the latest sale price for the house of £799,995 on 31 Mar 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 |
|---|---|
| £799,995 | 31 Mar 2014 |
| £600,000 | 16 Sep 2013 |
| Detached |
| Freehold |
| Floor Area: 339 sq meters or 3,648 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 March 2014 the House Price Index for SOUTHEND-ON-SEA was 94.4.
The House Price Index as of 1 Feb 2024 is 146.7 which is a change of 55.394%.Applying this 55.394% change to the original purchase price of £799,995 results in an estimated price of approximately £1,243,141.
| 31 Mar 2014 | 1 Feb 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 94.4 | 146.7 | 55.394 % | £799,995 | £443,146 | £1,243,141 |
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 | 50.978 % | £407,822 | £1,207,817 |
| 3 Month Average | 29.869 % | £238,950 | £1,038,945 |
| 6 Month Average | 43.777 % | £350,215 | £1,150,210 |
This house has a floor area of 339 sq meters or 3,648 sq feet when measured on 17 Apr 2013.
The average size of a house on DRAKE ROAD is 285 sq meters (3,077 sq feet).
| Date | Crime | Outcome | Where |
|---|---|---|---|
| Mar 2024 | Vehicle crime | Investigation complete; no suspect identified | On or near Drake Road |
| Mar 2024 | Criminal damage and arson | Under investigation | On or near Drake Road |
| Jan 2024 | Violence and sexual offences | Under investigation | On or near Drake Road |
| Dec 2023 | Anti-social behaviour | On or near Drake Road | |
| Dec 2023 | Anti-social behaviour | On or near Drake Road |