£147,158
This estimated value is based upon the latest sale price for the house of £120,000 on 24 Oct 2019. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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| Price Paid | Date |
|---|---|
| £120,000 | 24 Oct 2019 |
| £61,500 | 11 Dec 2002 |
| Terraced |
| Leasehold |
| Floor Area: 75 sq meters or 807 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 October 2019 the House Price Index for SOUTHEND-ON-SEA was 121.2.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 22.632%.Applying this 22.632% change to the original purchase price of £120,000 results in an estimated price of approximately £147,158.
| 24 Oct 2019 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
| 121.2 | 148.6 | 22.632 % | £120,000 | £27,158 | £147,158 |
The Postcode Pricing Model uses changes in average sales price within the SS2 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 | 16.754 % | £20,104 | £140,104 |
| 3 Month Average | -3.850 % | £-4,620 | £115,379 |
| 6 Month Average | 2.688 % | £3,225 | £123,225 |
| Date | Current Estimated Value | Price Paid | Address |
|---|---|---|---|
| 27 Sep 2023 | £122,567 | £121,000 | FLAT 12 LAURISTON PLACE, 150 SOUTHCHURCH AVENUE |
| 17 Mar 2023 | £338,186 | £335,000 | 82 BOSCOMBE ROAD |
| 3 Nov 2022 | £151,169 | £153,000 | 36A BOURNEMOUTH PARK ROAD |
| 27 Jul 2022 | £165,445 | £165,000 | 7 FERNDOWN CLOSE |
| 6 May 2022 | £244,609 | £240,000 | 2C BOURNEMOUTH PARK ROAD |
This house has a floor area of 75 sq meters or 807 sq feet when measured on 29 Apr 2019. Using an estimated price of £147,159 means this house is valued at £1,962 per sq meter (£182 per sq foot).