This estimated value is based upon the latest sale price for the house of £390,000 on 16 Sep 2019. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA1
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|£390,000||16 Sep 2019|
|£248,000||16 Oct 2006|
|£165,000||6 Jan 2006|
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 2019 the House Price Index for SOUTHEND-ON-SEA was 137.4.The House Price Index as of 1 Dec 2019 is 142.6 which is a change of 3.780%.
Applying this 3.780% change to the original purchase price of £390,000 gives us an estimated price now of around £404,741.
|16 Sep 2019||1 Dec 2019||% change||Purchase Price||Gain / Loss||Estimated Price|
The Postcode Pricing Model uses changes in average sales price within the SS9 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||-11.984 %||£-46,739||£343,260|
|3 Month Average||-9.296 %||£-36,254||£353,745|
|6 Month Average||1.505 %||£5,870||£395,870|
|Date||Current Estimated Value||Price Paid||Address|
|8 Nov 2019||£169,039||£165,000||FLAT 4 153 MANCHESTER DRIVE|
|27 Sep 2019||£347,662||£335,000||116 ELMSLEIGH DRIVE|
|16 Sep 2019||£404,741||£390,000||99 ELMSLEIGH DRIVE|
|30 Jul 2019||£482,073||£460,000||86 BLENHEIM CHASE|
|14 Jun 2019||£189,342||£177,500||FLAT 1 153 MANCHESTER DRIVE|