£177,992
This estimated value is based upon the latest sale price for the house of £67,500 on 7 Oct 2002. This value is then adjusted by the current Official House Price Index for SOUTHEND-ON-SEA 1
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Price Paid | Date |
---|---|
£67,500 | 7 Oct 2002 |
£60,000 | 21 May 2002 |
Flats/Maisonettes |
Leasehold |
Floor Area: 47 sq meters or 505 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 2002 the House Price Index for SOUTHEND-ON-SEA was 56.4.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 163.693%.Applying this 163.693% change to the original purchase price of £67,500 results in an estimated price of approximately £177,992.
7 Oct 2002 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
56.4 | 148.6 | 163.693 % | £67,500 | £110,492 | £177,992 |
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 | 141.506 % | £95,516 | £163,016 |
3 Month Average | 173.931 % | £117,403 | £184,903 |
6 Month Average | 160.422 % | £108,285 | £175,785 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
27 Sep 2023 | £122,567 | £121,000 | FLAT 12 LAURISTON PLACE, 150 SOUTHCHURCH AVENUE |
25 Sep 2023 | £240,576 | £237,500 | FLAT 61 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
28 Apr 2023 | £194,595 | £192,500 | FLAT 24 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
28 Apr 2023 | £207,231 | £205,000 | FLAT 83 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
10 Feb 2023 | £244,835 | £245,000 | FLAT 62 HIGHBANKS, 155 SOUTHCHURCH AVENUE |
This house has a floor area of 47 sq meters or 505 sq feet when measured on 30 Jul 2019. Using an estimated price of £177,993 means this house is valued at £3,787 per sq meter (£351 per sq foot).
The average size of a house on SOUTHCHURCH AVENUE is 64 sq meters (698 sq feet).